According to recent news in the market, Indian steel producer Steel Authority of
India Ltd (
SAIL) has reported a saleable steel
production of 11 million tons in 2003-2004 fiscal with an increase of 6% when compared with the figure recorded in the previous fiscal.
The increase in
production is recorded despite the
production cuts in all integrated steel plants of
SAIL due to shortage of high-grade
coking coal.
Moreover, sales of
SAIL in the aforementioned fiscal are recorded as 10.8 million tons up by 7% when compared with the sales of previous fiscal. Exports also increased by 36% over previous year.