SAIL's April-October production at 7.2 mn tonnes

NEW DELHI: Steel Authority of India Ltd today said it produced 7.2 million tonnes (MT) saleable steel during the April-October period, exceeding the target so far for the current fiscal.

"SAIL has not only met, but exceeded its production targets so far for this financial year," SAIL Chairman C S Verma said in a company statement.

SAIL had produced seven MT saleable steel during the April-October period of the last fiscal, it said.

"Production of hot metal and crude steel stood at 8.4 MT and 7.9 MT respectively, registering a growth of three per cent over the corresponding period last year," it added.

During October, SAIL recorded four per cent growth in hot metal and two per cent each in crude steel and saleable steel production over the same period last year.

Production of hot metal, crude steel and saleable steel for October 2012 stood at 1.2 MT, 1.14 MT and 1.01 MT respectively, it said.