Home / Markets / Commodities / Domestic sales of steel pick up; rural markets lead recovery in Unlock 1.0

Domestic sales of steel pick up; rural markets lead recovery in Unlock 1.0

Products sold in rural markets like tractors and motorcycles and roofing sheets were leading the recovery, says T V Narendran

Premium

Construction happens to be largest end user of steel accounting for about 60-62 per cent of steel end-use mix

3 min read Last Updated : Jun 18 2020 | 9:13 PM IST

Domestic sales of steel have picked up with the restart of industrial activities after India started exiting an extended lockdown to contain the Covid-19.

Private sector steel companies, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL), have seen an increase in domestic sales in June over May. For Tata Steel, domestic sales was 40 per cent of total sales in May, which increased to 50 per cent in June; for JSW Steel too, it moved from 40 per cent to over 50 per cent and for JSPL, it increased from 50 per cent to 60 per cent.

Topics : Coronavirus Lockdown Steel sector Tata Steel JSW JSPL India’s rural markets

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in