Tata Steel's India Crude Steel Output Hits Record High in Q3

• Tata Steel reported its highest-ever quarterly crude steel production in India during Q3.
• Crude steel output rose 12% year-on-year to 6.34 million tonnes, with deliveries climbing 14% to 6.04 million tonnes.
• Increased production was primarily driven by strong performance at its Jamshedpur and Kalinganagar facilities.
• Analysts at Axis Securities Equity Research anticipate a 46% rise in Tata Steel's core earnings for Q3.
• Indian steelmakers face price pressure from cheap imports, despite robust demand in key markets.

Why It Matters: Tata Steel's record Q3 production in India boosts earnings outlook despite import pressures.