Steel Authority of India (SAIL) has raised long product prices by Rs 500-1000 per tonne. The company has also increased prices of flat product by Rs 250-500 per tonne.
Recently, the company registered an aggressive sales growth of 11% in May 2014, at 1.06 million tonnes (MT), compared to 0.96 MT in same month last year (SMLY). Rise in exports was to the tune of 76% on a y-o-y basis during the month.
SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
