In a company statement, Steel Authority of India (SAIL) said it exceeded its output target so far for this financial year by producing 7.2 million tonne (mn t) saleable steel during the April-October period.
SAIL had produced seven mn t saleable steel during the April-October period of the last fiscal, it said. Production of hot metal and crude steel stood at 8.4 mn t and 7.9 mn t respectively, registering a growth of three per cent over the corresponding period last year, it added.
Production of hot metal, crude steel and saleable steel for October 2012 stood at 1.2 mn t, 1.14 mn t and 1.01 mn t respectively. This led to a four per cent growth in hot metal and two per cent each in crude steel and saleable steel production in October over the same month last year, the statement said.