Domestic steel production rises as sales pick up

Sail, Essar Steel witness production growth of 15% and 61%, respectively, in FY17

With domestic steel makers witnessing increased production in the current financial year, the demand scenario, both domestic and exports, seems to be in a pick-up mode.

State-owned Steel Authority of India (SAIL) has produced 10.18 million tonnes of saleable steel during April-December, up 15 per cent from same period last year.

Meanwhile, Essar Steel saw highest quarterly production in the quarter ended December with the production of flat steel products rising 61 per cent on year-on-year basis to 1.48 million tonne. 

The output of pellets also grew 99 per cent in the period under review to 2.59 million tonne.

Sail posted sales growth of