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India's TSLPL records 4 percent autumn in DRI result in Q1 FY 2022-23

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Tata Steel Long Products Limited (TSLPL), a subsidiary of India's Tata Steel Limited, attained a straight reduction iron (DRI) output of 234,000 mt in the first quarter (April-June) of the 2022-23, a decline of four peglavanized steel coil price trade graphrcent year on year, a business regulatory declaring said on Thursday, July 7. The filing reported that sales of DRI throughout the duration concerned 156,000 mt, down 13 percent from the matching pcool rolled steel coil vendorseriod of the previous ."DRI manufacturing was marginally reduced on year-on-year basis as a result of the bringing ahead of a prepared shutdown. DRI sales quantities were lower due to greater captive consumption," the declaring said.TSLPL, in behalf of parent Tata Steel, on Monday, July 4, finished the acquisition of the government-run 1.1 Gangya metalmillion mt steel mill of Neelachal Ispat Nigam Limited (NINL) through a privatization process.The business stated that the procedures of NINL, shut given that 2020, will certainly be reactivated within the following three months.

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