Domestic sales of steel pick up; rural markets lead recovery in Unlock 1.0

Products sold in rural markets like tractors and motorcycles and roofing sheets were leading the recovery, says T V Narendran

Domestic sales of steel have picked up with the restart of industrial activities after India started exiting an extended lockdown to contain the Covid-19.

Private sector steel companies, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL), have seen an increase in domestic sales in June over May. For Tata Steel, domestic sales was 40 per cent of total sales in May, which increased to 50 per cent in June; for JSW Steel too, it moved from 40 per cent to over 50 per cent and for JSPL, it increased from 50 per cent to 60 per cent.

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