Tata Steel Q1 production rises 11% despite global slowdown
after close1 source ↓written by the desknot a recommendation
- 5.82 million tonnes
- 11% YoY increase
- 5.23 million tonnes
- deliveries also rose
- 9%
- 5.17 million tonnes
Tata Steel reported Q1FY27 crude steel production of 5.82 million tonnes, an 11% YoY increase from 5.23 million tonnes. Domestic deliveries also rose 9% to 5.17 million tonnes. However, the company faced challenges from a slowdown in Europe, leading to a nearly 1% drop in share price during early trade.
• Domestic production driven by Jamshedpur and Kalinganagar units
• Automotive unit achieved record first-quarter volumes of 0.9 million tonnes
The European slowdown may impact future performance, influencing trader sentiment.
Not investment advice. For informational purposes only.