Steel Authority of India (SAIL) has reported a jump of 7% in hot metal production in the July-September 2012 period over corresponding period last year, with a production of 3.6 million tonnes (MT) in Q2FY13. The crude steel reported a jump of 5% and production stood at 3.39 MT while the saleable steel production was up by 4% and stood at 3.17 MT in Q2FY13.
Besides, there was 6% growth in hot metal production and 4% growth in production of crude steel as well as saleable steel in September 2012, over the same month last year. Blast Furnace productivity showed substantial increase of 8% in Q2 over corresponding period last year.
Further, for April-September, 2012 period, the company has registered a 3% growth in production of both hot metal and crude steel, over corresponding period last year. This was due to improved techno-economic parameters in first half of current fiscal supported by the growth trend with BF productivity, specific energy consumption and coke rate registering improvements of 4%, 3% and 2% respectively.
The company has recently attained the modernization and expansion plan and this production growth is in tune with the same as it reaches the advanced stages of completion. In order to cater to new market segments the plan not only envisages substantial growth in production volumes in a phased manner but also in producing new variety and range of products.
