31
May
16:28
Sail targets 15 million tonnes of sales
Steel Authority of India (Sail) is targeting sales of 15 million tonnes in the fiscal year through March 2018 (FY18), with focus on products such as plate, rail, structural steel, cold rolled coil and wire rod. Government impetus on infrastructure is seen majorly boosting Indian steel demand.
Sail saw sales fall -11% on-year in the fourth fiscal quarter through March to 3.8 million tonnes. Net income, however, rose 12% to INR 14,544 crores ($2.25 billion) a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous