Steel Authority of India’s (SAIL) inventories have started contracting with the pick-up in demand from end-users from the beginning of this month. SAIL’s inventory at the end of March, 2012 stood at four lakh tonnes. Company's inventories started accumulating during the monsoon and the ongoing festive season to around one million tonne on account of lower demand from consumer goods, additional capacity build up and increased imports. However, SAIL’s inventory level never went beyond 10 lakh tonnes, at any point of time.
Steel Authority of India (SAIL) is India’s largest state-owned iron ore producer established in 1954. It is one the leading steel-making company in India. It has country’s second largest mines network. All plants of SAIL are ISO certified.
