Indian state-owned steel producer Steel Authority of India Limited (SAIL) has announced that its pig iron production increased by seven percent to 3.6 million mt in the second quarter (July-September) of the 2012-2013 financial year compared to the corresponding period of the last financial year.
In addition, in the second quarter, SAIL's crude steel output increased by five percent year on year to 3.4 million mt. In the second quarter, the productivity of SAIL’s blast furnaces increased by eight percent compared to corresponding quarter of the previous year.
Meanwhile, SAIL’s pig iron production increased by six percent in September, compared to September 2011. SAIL’s crude steel production in September this year increased by four percent year on year.
In the April-September period, SAIL’s crude steel output and pig iron production both increased by three percent compared to the corresponding period of last year. Due to improved technological parameters, SAIL’S blast furnace productivity increased by four percent in the first half of the current financial year.
According to SAIL's statement, the company is moving ahead with its modernization and expansion plan. SAIL’s expansion plan aims to increase production volumes and develop new products to serve customers in new market segments.