Steel Authority of India (SAIL) has hiked flat product prices by 500-750 per tonne for the month of March. The company has also raised long product prices by 500-1000 per tonne for March.
Recently, 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 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.
