SAIL posts 7% growth in Crude Steel production, Records 2.7% growth in sales

SAIL posts 7% growth in Crude Steel production, Records 2.7% growth in sales

Steel Authority of India Limited (SAIL) reported a growth of 7% in its crude steel production during November’20 (1.417 MT) over CPLY (1.328 MT). The production in its 05 Integrated Steel Plants (ISPs) stood at 1.402 Million Tonnes (MT) in Nov’20 as against 1.303 MT during November 19. On the sales front as well, the Company continued with its stellar performance from previous months recording 1.39 MT during November 20. The sustained month on month improvement has ensured a growth of 2.7% in cumulative sales for the period April-Nov 2020 despite the challenges posed by COVID19 in the initial months of the Financial Year which had seen considerable reduction in demand and build-up of inventory due to the lockdown.