In a bid to meet the emerging challenges, Steel Authority of India (SAIL) has decided to focus on expansion and capacity addition in its Rs 70,000-crore programme. The company will also shift its focus to increase the share of value-added products from 39 percent to around 55 percent in the next two years.
With the completion of current phase of modernisation, the share of value-added products is likely to increase to around 50-55 percent of the company’s total production.
Further, SAIL was developing product suitable for hot stamping technology which is being introduced by auto companies to get low-carbon high-strength material. The company is manufacturing value-added steel at its five integrated steel plants in addition to the three special steel plants - Alloy Steel Plant (ASP), Salem Steel Plant (SSP) and VISL.
