SAIL likely to report average annual volume growth of 11% for FY19

Rising infrastructure and housing demand will drive demand for these products

Steel Authority of India (SAIL) has seen its stock price fall 28 per cent to Rs 72.9, since its peak at the start of this calendar year. While the Street’s sentiment has remained upbeat, the government-owned entity's much delayed capacity expansion, concerns on a global tariff war impacting this sector and overall market decline led to the muted return.

The good news is that domestic steel realisations continue to inch up, on the back of robust demand and higher Chinese prices. These have helped offset measures such as the US tariff hikes.

If SAIL can continue to improve its operational