Indian state-owned steel producer Steel Authority of India Limited (SAIL), has announced that the company’s sales volumes in December 2019 totaled 1.66 million mt, up 35 percent compared to the same month of the previous year, maintaining its growth momentum in sales.
The company’s sales rose by 10.8 percent year on year in the April-January period of the 2019-20 financial year.
SAIL has maintained the growth momentum in its sales all the year round, posting an increase of 47 percent in December and a rise of 36 percent in November last year.
Meanwhile, SAIL exported 182 million mt of steel in January this year, recording its highest monthly export volume ever.
At the same time, the steel producer’s prime rail output surpassed a record one million mt in the first ten months of the 2019-20 financial year, surging by 37 percent compared to the same period of the previous year.
The company said it overcame the challenging market conditions owing to its focused strategies. SAIL will also diversify its portfolio in order to supply market demand through its new and modernized mills.