SAIL produces record 18.28 MT crude steel

New Delhi: State-owned SAIL has produced a record 18.28 million tonnes (MT) of crude steel during the financial year 2022-23, registering a year-on-year rise of 5.3 percent. The production of hot metal also rose by 3.6 percent to 19.4 MT during the financial year that ended on March 31.
In a statement, the Steel Authority of India (SAIL) said that it has achieved the best-ever annual production during FY23.

"The company recorded 19.409 MT hot metal and 18.289 MT crude steel production with a growth of 3.6 percent and 5.3 percent, respectively over the previous best in FY22," the statement added. The steel giant further said that it is continuously ramping up its production over the years with a focus on more value-added and special-steel production.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)