Steel Authority of India (SAIL) continued its upward trend in sales and production well into February 2014. The company registered 7% growth in sales in February 2014 compared to the same month last year (SMLY).
For the cumulative 11-month period April '13-February '14, the company’s concerted effort in increasing domestic sales as well as exports paid off as these grew by 8% and 33% respectively.
SAIL plants kept pace with the rise in sales, as the company produced 1 million tonnes (MT) of saleable steel in February ’14, marking a 7% growth over SMLY. The month also witnessed 4% production growth each in hot metal and crude steel, at 1.12 MT and 1.04 MT respectively.
