SAIL achieves best-ever Q2 sales of 3.17 MT

State-run SAIL today said it has achieved the best-ever July-September quarter sales of 3.17 million tonnes (MT) on account of higher intake by the construction and manufacturing sectors.

"Sales growth in Q-2 was mainly due to higher intake by the construction and manufacturing sectors...In comparison to sales in the previous quarter (Q-1), Steel Authority of India Ltd (SAIL) achieved a growth of 30.8 per cent," the company said in a statement.

However, the sales during the July-September quarter saw a marginal increase of about three per cent, compared to the same period last fiscal, the previous best-second quarter sales of 3.08 MT.
    
The steelmaker said the sale of wire rods during the period increased by 60 per cent, compared to the corresponding period last year besides higher sales of other products like bars, sheets and coils also witnessed .
    
"During July-September quarter of 2010-11, SAIL sold 8.5 lakh tonnes of special and value-added steel products, showing a growth of 10.1 per cent over the corresponding period last year (CPLY)," the statement said.
    
Special steels constituted 30 per cent of the total domestic sales achieved in Q-2.
    
SAIL has an annual steel production capacity of about 14 million tonnes.