Tata Steel sales during second quarter of 2018-19 rises by 3.24 pct to 3.18 million tonnes

Tata Steel India's year-on-year sales during the second quarter of 2018-19 rose by 3.24 per cent to 3.18 million tonnes (MT) on a provisional basis.

According to Tata Steel India, sales during the period under review grew to 3.18 MT (provisional) from an off-take of 3.08 MT (actual) in Q2 of 2017-18.

"Q2FY19 production was higher mainly due to better plant availability; sales increased 7 per cent QoQ (quarter-on-quarter) with higher demand pull from the market," Tata Steel said in a statement on Monday.

"Automotive and special products sales grew by 17 per cent YoY (year-on-year) to 552 KT (kilotonnes) in Q2FY19, mainly driven by higher demand from the auto sector."

(With inputs from agencies.)