Millennium Post

SAIL output rises 4% in October

SAIL output rises 4% in October
The public sector Steel Authority of India Ltd (Sail) recorded a growth of 4 per cent in hot metal and 2 per cent each in crude and saleable steel production for October 2012 over the corresponding period last year (CPLY).

The production of hot metal, crude steel and saleable steel for October 2012 stood at 1.2 million tonnes (MT), 1.14 MT and 1.01 MT respectively.

'Sail has not only met but exceeded its production targets so far for this financial year. As India is expected to resume its high growth trend in the coming years, Sail is well prepared to meet the demands of the market,' said Sail Chairman C S Verma.

As for the period April-October 2012, the company produed 7.2 million tonnes (mt)) saleable steel products against 7 mt produced in the corresponding period last year.

The production of hot metal and crude steel stood at 8.4 mt and 7.9 mt respectively, registering a growth of 3 per cent per cent over the corresponding period last year.

On the front of techno-economics of production, Sail’s performance was marked with an upward trend in blast furnace productivity, coke rate and energy consumption by 4 per cent, 2 per cent and 2 per cent respectively.

October 2012 has been yet another month in FY 13 where Sail has shown consistent growth and improvement in all major areas of production.
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