Tata Steel Ltd. reported growth in production across various segments for the first quarter of FY17, according to a company press release.
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- The highest production growth was seen in hot metal, or liquid iron, which increased by 16.3 percent to around 3 million tonnes in the first quarter of FY17 compared to the same period last year.
- Crude steel production increased 7.6 percent to 2.5 million tonnes on a year-on-year basis.
- Saleable steel output rose 5.6 percent to 2.3 million tonnes in the first quarter.
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The sales numbers too saw an uptick as the company clocked in its best sales output ever for automotive steel and hi-end steel at 379 kilotons and 76.4 kilotons respectively in the first quarter, according to the press release.
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