TATA Steel sees full capacity utilization at Corus on demand revival

Thursday, 05 Nov 2009

TATA Steel said its European subsidiary Corus will be able to run at full capacity utilization by the end of the current fiscal, riding on revival in global demand.

Mr B Muthuraman vice chairman of TATA Steel on the sidelines of CII Steel Summit said that "In October, the capacity utilization had touched 80%. It should be 85% by the end of November and 100 per cent by the end of this financial year.” 

He added that "Demand is coming back in the west.”

Corus which had cut production capacity of its mills by as much as 50% amid the demand slump last year, has currently revived the utilization of its mills to 80%.