04
Sep
14:13
Sail hits record sales in August
Steel Authority of India (Sail) raised sales 35% on-year in August to a monthly record 1.43 million tonnes. The firm’s sales have rebounded since June following the Covid-19-related lockdown in India.
Domestic sales and exports accounted for 1.24mt and 194,000t respectively in August, up 23% and 250% on-year. The sales growth coupled with improvement in realisations has resulted in cash collections increasing, which has helped Sail further reduce its borrowi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous