Steel Authority of India Limited (SAIL) posted 21% growth in sales during October 2020 over the corresponding period last year (CPLY). During this month, the company’s domestic sales and exports were at 1.341 million tonnes (MnT) against 1.113 MnT CPLY. This is the best-ever October sales performance of the company. The crude steel production and the saleable steel production also grew substantially by 14% and stood at 1.446 MnT and 1.347 MnT respectively during the month over CPLY. The company has been improving its sales performance since June 2020 and scaling up its production consistently to meet the increased requirement of the domestic as well as the export markets.
Commenting on the record performance of the month, Anil Kumar Chaudhary, Chairman, SAIL said, “The company is continually posting strong sales performance from June onwards. The company is determined to continue this growth streak. The production is also being continuously scaled up to reach higher than the pre-COVID levels. The domestic steel industry has started echoing the positive sentiments of the economy.”