 "SAIL registers 16 pc growth in sales in August")
Country’s major steel producer Steel Authority of India Limited (SAIL) has registered a 16 % growth in sales during the month of August this year at 10.86 lakh tonnes of steel products against 9.38 lakh tonnes in same period last year.
The rise in sales was mainly on account of increase in flat product sales, which went up by 26 %.
While long products saw a growth of 3 %, retail sales at 53,800 tonnes in the month were up by 62 % on a month-to-month basis, SAIL said in a statement.
While long products saw a growth of 3 %, retail sales at 53,800 tonnes in the month were up by 62 % on a month-to-month basis, SAIL said in a statement.
Due to rising dollar, the company also saw 36 % growth in exports to a level of 31,000 tonnes.
For the five month duration of April-August ’13, the cumulative steel sales stood at 47.8 lakh tonnes, at growth of 7 %.
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