Tata Steel, a stalwart in the global steel industry, has unveiled its provisional production and delivery volumes for the first quarter of FY 2024-25, illustrating resilience and strategic growth across its international footprint. The conglomerate's operations span multiple continents, including India, the Netherlands, the UK, and Thailand, each contributing distinctively to its global portfolio.
In Q1FY25, Tata Steel India recorded a commendable crude steel production of 5.25 million metric tons, marking a 5% year-on-year increase despite a sequential quarter decline attributed to planned maintenance shutdowns. Concurrently, deliveries in India reached a record-breaking 4.94 million metric tons, showcasing a robust 3% year-on-year growth driven by heightened domestic demand across various industrial segments.
Within the domestic market, Tata Steel excelled particularly in the Automotive & Special Products segment, witnessing a notable 14% year-on-year surge to approximately 0.8 million metric tons. This growth was buoyed by increased demand in passenger vehicles and commercial vehicles, underpinning Tata Steel's strong market position and customer trust in specialized steel offerings.
The 'Branded Products & Retail' segment also thrived, recording a 6% year-on-year increase to approximately 1.7 million metric tons. Brands like Tata Tiscon saw a remarkable 15% year-on-year rise in deliveries, contributing to the segment's 'best ever 1Q' sales performance. Concurrently, Tata Steel's e-commerce platform, Tata Steel Aashiyana, reported revenues of Rs. 644 crores, marking a 73% year-on-year surge fueled by a substantial expansion in its customer base.
Overseas, Tata Steel Netherlands reported a robust performance with liquid steel production totaling 1.72 million metric tons, reflecting growth both year-on-year and quarter-on-quarter upon resumption of normal operations. Deliveries in the Netherlands reached 1.52 million metric tons, showcasing an 11% year-on-year increase and a 6% quarter-on-quarter rise, bolstered by improved production efficiencies and market demand.
Meanwhile, Tata Steel UK faced operational adjustments, including the cessation of operations at Blast Furnace 5 in Port Talbot. The facility's last liquid iron production on July 4 marked the beginning of its decommissioning process, underscoring Tata Steel's strategic alignment with operational efficiencies and sustainable practices in its global operations.
