8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

Steel Authority of India (SAIL) aims to increase sales volume by 15 per cent

Steel Authority of India Ltd (SAIL) is making major investments in order to increase its annual production capacity to 35 million tonnes. In the next 10 years, the company aims to progress by increasing the current capacity rate with an investment of 12 million dollars.

Steel Authority of India (SAIL) aims to increase sales volume by 15 per cent

While the average capacity of the largest steel mills in India is currently known to be 20 mt/year, crude steel production for the last fiscal year was recorded at 18.3 mt.

The company, which wants to expand its sales volume in line with its production capacities, aims to increase its steel sales by 15% to 18.7 million metric tonnes in fiscal 2023-24.

Market analysts estimate that the export-oriented company will increase the price of its products by USD 30 per metric tonne in order to meet the investments made.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Blastr and Knauf Interfer partner to produce sustainable green steel

Wednesday, October 23, 2024

Sharp reduction in freight tariffs: Turkish exporters enter a challenging period

Saturday, October 19, 2024

GMH Gruppe Acquires Kind & Co.

Thursday, October 10, 2024

Mine Workers Union: "Imported coal is leaving domestic producers jobless"

Sunday, October 6, 2024

Renewable energy: Regulations key to competitiveness

Sunday, October 6, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now