Tata Steel Europe increased steel production by 54.14%

The European division of the Tata Steel metallurgical concern (Tata Steel Europe) significantly increased the volume of steel production - from June to December 2013 they increased by 54.14 percent. Thanks to this, the profit of the unit increased by $ 144 million, amounting to 418.25 million US dollars.

Such impressive results were achieved thanks to the policy of Tata Steel Europe, carried out over the past 4 years. During this period, a number of production renewal programs were carried out at the company's factories, which made it possible to increase the volume of manufactured products, significantly reducing the cost of releasing it.

A large -scale reorganization of the control system of the European unit Tata Steel was also carried out. This measure has significantly influenced the cost of products and labor productivity at the company's factories.

But, despite these successes, Tata Steel Europe still cannot reach the optimal profit. This situation is explained by the consequences of the global economic crisis, in particular by a slow increase in demand for steel.

In the next few months, the European division Tata Steel does not plan to increase the cost of products. According to B Muuraman, who holds the position of chief chairman of Tata Steel, there will be no significant price increase in at least the next few years.

Recall that Tata Steel Europe is one of the largest manufacturers in Europe. According to the latest data, Tata Steel Europe ranks second among European manufacturers in terms of production.