16
Aug
01:00
Sail focuses on value-added after imports hamper June quarter sales
Steel Authority of India (Sail) registered a -4% on-year decline in steel sales in the fiscal quarter through June (FQ1) to 2.69 million tonnes, Kallanish learns from the state-owned steelmaker. Sail continues to focus on cost reduction and increasing the sales share of value-added products to capitalise on expected growth in infrastructure spending.
The firm’s production of saleable steel, crude steel and hot metal nevertheless all rose in FQ1 to 3.09…
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Anonymous
Very good overview of the weekly steel market.
Anonymous