Steel Authority of India (SAIL), the country’s largest steel producer has reportedly increased prices of both flat and long steel products by Rs 500-700 a tonne. This move is mainly to cover the rising production costs.
The company had increased the prices across category by Rs 1,000-1,200 a tonne during the October-December quarter. Recently, the company saw its sales increase by 6% to 2.98 million tonnes in the October-December quarter over the corresponding period last year.
SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
