Tatas to hike auto steel output by 20% this fiscal

摘要

On the back of increased de?mand for steel from the auto sector, Tata Steel said on Fri?day that it will increase pro?duction of auto-grade steel by '20 per cent to 1.2 million tonnes this fiscal. The steelmaker expects to continue a similar capacity in?crease in auto steel across the next few years, while also starting operations at a new 0.6 million tonne capacity joint venture plant with Japa?nese steelmaker Nippon for high strength auto steel by 2013.