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Tata Steel's India production and sales fall in Q1 FY'21

Tata Steel reported a 37% q-o-q drop and a 34% y-o-y drop in output at its Indian operations to 2.99mn t in Q1 FY’21.
Sales volume in India fell by 28% q-o-q and 26% y-o-y to 2.92 mn t in Q1 FY’21. In Q1 FY’21, exports accounted for 50% of total sales volume as overseas sales were increased significantly by tapping into new markets to offset the slow domestic demand. Reasons behind the fall in production

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