Tata Steel ops Oct sales up 38 pct y/y

Fri, Nov 6 10:58 AM

Enlarge Photo A man walks through the Corus steel factory in Ijmuiden in this April 4, 2006...

Tata Steel Ltd, the world's No. 8 steelmaker by output, said on Friday steel sales at its Indian operations rose 38 percent in October from a year earlier to 462,000 tonnes.

The Indian operations contribute about a quarter of the group's total annual global capacity of 30 million tonnes, which includes Corus, Europe's second-largest steelmaker.

Saleable steel production in October rose by 27 percent from a year earlier to 570,000 tonnes and crude steel production gained 22 percent to 599,000 tonnes, the company said.

(Reporting by Devidutta Tripathy; Editing by John Mair)

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