New Delhi, July 13, 2023: Steel Authority of India Limited (SAIL) has achieved record-breaking performance in the first quarter of the financial year 2023-24 (Q1 FY24) in terms of production and sales. The production of hot metal, crude steel, and saleable steel of 5.037 million tonnes (MT), 4.667 MT, and 4.405 MT, respectively, marked the […]
New Delhi, April 14, 2023: The Steel Authority of India Limited (SAIL), a Maharatna public sector unit under the Ministry of Steel, has achieved the best ever annual production during the financial year 2022-23 ending on 31 March 2023. During the period, SAIL recorded 19.409 Million Tonnes (MT) of hot metal and 18.289 MT crude […]
New Delhi, December 16, 2022: Production Linked Incentive or the PLI Scheme for Specialty Steel was approved by Union Cabinet on 22.07.2021, with a five-year financial outlay of Rs. 6322 Crore to promote the manufacturing of ‘Specialty Steel’ within the country by attracting capital investment, generate employment and promote technology up-gradation in the steel sector. The […]
Ever wondered why steel is so expensive in India? Steel prices in India are completely market driven and generally lower than the prevailing domestic prices in countries like USA, Japan and higher than those in Chinese domestic markets. However, it is a fact that Effective Tax Rate (ETR) for iron ore mined in the country […]
