The company also recorded its best-ever quarterly saleable steel production at 3.8 MT in the quarter under review, a 5 per cent over the year-ago quarter.
SAIL Chairman Anil Kumar Chaudhary in a statement said, "The potential of steel consumption in the domestic market is huge. We are focussed on meeting requirements of all sectors while enhancing our volumes. Higher production of value added steel is another focus area and we are committed to providing end-to-end customer services."
Pointing at the current volatility in steel prices he said that despite various factors including cheap imports, the prices are expected to improve in coming days considering the high input costs.
The company produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India.
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