Tata Steel sales up 38% in Oct

Tata Steel, the world’s sixth largest steelmaker, said on Friday steel sales at its Indian operations jumped 38 per cent in October to 462,000 tonnes, compared to same period last year. The Indian operations contribute about a quarter of the group’s total annual global capacity of 30 million tonne, which includes Corus, Europe’s second-largest steel maker. Saleable steel production in October rose by 27 per cent from a year earlier to 570,000 tonne and crude steel production gained 22 per cent to 599,000 tonne, the company said.