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SAIL reports 11% growth in saleable steel output in May '13

KOLKATA: Steel Authority of India Limited (SAIL) achieved best-ever May performance by registering a growth of 11% in productionof saleable steel to 1.087 million tonne during the month. 

SAIL's production of crude steel at 1.152 million tonne was also the best ever as against the previous best of 1.135 million tonne. Production of value added and special steel from SAIL's integrated steel
plants also went up by around 8% in May '13 against corresponding period of last year. 

SAIL chairman, 
C S Verma said the company is expected addition of over 5 million tonne of hot metal capacity in the current financial year taking hot metal, production to over 19 million tonne. He expressed confidence in higher growth of steel consumption in the country in the coming months on account of inherent strengths of Indian economy. 

Commencement of production from various units under SAIL's modernisation & expansion programme has already started with facilities like New Sinter Plant and coke oven at RSP, Air Separation Unit of Oxygen Plant at BSP, Raw materials Handling Plant, Coke Oven, Sinter Plant and Wire Rod Mill & RHF at ISP.