SAIL clocks record output
SAIL on Tuesday announced that it has achieved a record production of 13.04 million tonne of saleable steel and 14 mt of crude steel in 2007-08.
By TNN |
New Delhi: At a time when the government is looking at addressing the issue of supply constraint in the steel sector to rein in inflation, public sector SAIL on Tuesday announced that it has achieved a record production of 13.04 million tonne of saleable steel and 14 mt of crude steel in 2007-08.
The increase in production reported by SAIL is good news for the government as the PSU accounts for nearly 33% of the total steel produced in the country. Any increase in production is bound to improve the supply situation in the market. There is a small demand-supply gap of 2-mt of steel in the domestic market after accounting for exports and imports.
According to a SAIL release, the company registered a growth of 30% in production of special steel and value-added steel items, totalling 3.7 mt. The highest level of production was recorded for rails at 9,11,000 tonne. The company achieved the highest-ever domestic sales of 11.9 mt during 2007-08. Sale of rails grew 54%, plates 8%, hot rolled coils 7%, TMT bars 53% and medium structural steel 15%.
The increase in production reported by SAIL is good news for the government as the PSU accounts for nearly 33% of the total steel produced in the country. Any increase in production is bound to improve the supply situation in the market. There is a small demand-supply gap of 2-mt of steel in the domestic market after accounting for exports and imports.
According to a SAIL release, the company registered a growth of 30% in production of special steel and value-added steel items, totalling 3.7 mt. The highest level of production was recorded for rails at 9,11,000 tonne. The company achieved the highest-ever domestic sales of 11.9 mt during 2007-08. Sale of rails grew 54%, plates 8%, hot rolled coils 7%, TMT bars 53% and medium structural steel 15%.
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