The Hindu Business Line : SAIL registers record Q3 output at 3.3 mt

Steel Authority of India Ltd has achieved a record production of 3.318 million tonnes of saleable steel and the highest ever sale of 3.014 million tonnes during October-December in the current financial year.

In a statement the company said it registered a 6 per cent growth in saleable steel production and an 8 per cent increase in sales during October-December this year as compared to the previous year.

"The increases have been achieved despite the ongoing expansion and modernisation programme that is seeing several production facilities being upgraded," the statement adds.

During the first nine months of 2006-07, SAIL plants operated at an average capacity utilisation of 112 per cent producing 9.328 million tonnes of saleable steel, an increase of 6 per cent over the corresponding period during the previous year. Production of value-added items such as rounds and bars, medium structurals, HR coils and plates recorded a growth of 23 per cent, 15 per cent, 14 per cent and 5 per cent respectively during the period.

The record sales during the third quarter took the company's total sales to 8.412 million tonnes — an increase of 13 per cent over the corresponding period during the previous year. In the domestic market, the company sold 2.9 million tonnes of steel during the third quarter, an increase of 10.4 per cent over the corresponding period in the previous year.

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