Sales of state-run steel maker Steel Authority of India's (SAIL) dipped by 2.71% in the April-December period of the current fiscal despite a 3.9% rise in country’s steel consumption during the period.
Company’s sales decreased during the period to 76.03 lakh tonnes against 78.15 lakh tonnes a year ago. Meanwhile, during the period, country’s steel consumption grew by 3.9% to 548 lakh tonnes, which could be dubbed as “subdued” in comparison with the entire last fiscal's consumption growth of 7%.
During December also, SAIL's sales decreased by 4.47% to 9.41 lakh tonnes. The sales realisation of SAIL also fell during the month by 8.39% at Rs 4,108 crore against Rs 4,484 crore.
India’s largest state-owned iron ore producer, in the first nine months of 2012-13, produced 10.7 million tonnes of hot metal, 10.09 mt of crude steel and 9.25 mt of saleable steel.
