A summary of Indian steelmaker Tata Steel's results for the July-September quarter (second quarter) of its 2021-22 financial year.
In brief
?EUR? Crude steel production from the company's Indian operations increased quarter on quarter, as did deliveries
?EUR? Consolidated production was down quarter on quarter, but deliveries were up
?EUR? Automotive sales increased despite the semiconductor shortage
?EUR? The company will pursue the
hydrogen route at IJmuiden with a detailed assessment under way
?EUR? Tata Steel has
completed the divestments of its stake in NatSteel, Singapore
?EUR? During the second quarter, the company spent 21.91 billion rupees ($294 million) on capex, with work on the pellet plant, the cold-rolling mill complex and the 5 million...