SAIL reports 9% growth in crude steel production

2021-01-15

Jan. 15, 2021 - Indian steel maker Steel Authority of India reported a 9% growth in crude steel production for the December quarter of FY21 at 4.37 million tonnes as against a production of 4 million tonnes during the same period in 2019.

SAIL’s sales volume registered a growth of 5.6% during the Q3 of FY 21, at 4.32 million tonnes.

“The first quarter was impacted due to the onset of the pandemic but gradually we have scaled up our performance by enhancing the volumes. It is heartening that the pre-covid levels have already been reached and the production has grown in the last quarter,” said Soma Mondal, the newly appointed chairman of SAIL.

“The domestic steel consumption has a positive outlook as the economy is reviving and all sectors have started to pick-up. We are confident of seizing the unfolding opportunities in the steel market,” Mondal added.