SAIL defies market slowdown with 16% sales growth

The flat product sales went up by 26 percent

GN Bureau | September 2, 2013



Notwithstanding the slowdown in the steel market, Steel Authority of India Limited (SAIL) registered a 16% growth in sales during the month of August ’13 by selling 10.86 lakh tonnes of steel products as compared to 9.38 lakh tonnes in corresponding period last year (CPLY).

The rise in sales was mainly on account of increase in flat product sales, which went up by 26 percent. While long products saw a growth of 3 percent, retail sales at 53,800 tonnes in the month were up by 62 percent on a month-to-month basis. Concerted efforts to harness the rising dollar materialized in a significant growth in exports to a level of 31,000 tonnes, a CPLY growth of 36 percent.

For the five month duration of April-August, 2013, the cumulative steel sales stood at 47.8 lakh tonnes, a growth of 7 percent over CPLY.

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