Apr- Dec FY’09 Production / Deliveries
- During the nine months under review Incase of Tata Steel India the total production was 3.75 Million tones which was 4.5% higher when compared with corresponding period last year while the total deliveries was 3.45 million tonnes which was 1.4% lower when compared with corresponding period last year.
- During the nine months under review Incase of Tata Steel Europe the total production and total deliveries was 13.40 million tonnes and 16.20 million tonnes respectively which was 11.3% and 5.3% respectively lower when compared with corresponding period last year.
- During the nine months under review Incase of Nat Steel the total production was 1.13 Million tones, which was 4.2%, lower when compared with corresponding period last year while the total deliveries was 1.90 million tonnes which was 5.6% lower when compared with corresponding period last year.
- During the nine months under review Incase of Tata Steel Thailand the total production and total deliveries was 0.88 million tonnes and 0.90 million tonnes respectively which was 13.7% and 10% respectively lower when compared with corresponding period last year.
Response to the Financial Crisis
Tata Steel India
- Maximize sales in Jan-March Qtr to 1.6 million tons. (Achieved Sale of 0.5 mt in Jan’09)
- Renegotiating existing coal contracts for off take till June’09
- 2.9 mtpa expansion plans on track
Nat Steel Asia
- Maximize plant capacity with cheaper domestic scrap and minimize rebar imports
- Preserving cash by reducing net working capital and postponing capital expenditure
- Continue to reduce operating & overhead costs & Optimize product mix by selling higher downstream tonnages
- Improvement initiatives to lead to yield improvement and reduction in power consumption
Tata Steel Thailand
- Special Wire rod sales to be increased, for higher realizations
- Cost Reduction measures entail – reduced ferro alloys consumption and reduction in maintenance and administrative costs
- Enhance Cash conservation and liquidity management by introducing Credit Insurance backed Securitization scheme
- Liquidating entire stock pile of inventory built before the economic downturn