Tuesday, May 21, 2024

India’s SAIL posts record steel production in 2022/23

File photo of Steel Authority of India Ltd. (SAIL) logo.

File photo of Steel Authority of India Ltd. (SAIL) logo.
| Photo Credit: Reuters

Steel Authority of India (SAIL), the country’s biggest state-owned steel producer, said on April 1 it posted record-high annual production in the 2022/23 year ending March 31.

The steel maker produced 19.41 million tonnes of hot metal, up 3.6% from a year earlier, the company said in a statement. Crude steel production stood at 18.29 million tonnes, up 5.3% from last year.

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