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Highest ever monthly sales and export recorded by SAIL in June

Highest ever monthly sales and export recorded by SAIL in June

The highest ever sales and exports were achieved by the Steel Authority of India (SAIL) during the month of June 2020. The sales from domestic and export stood at 12.77 lakh tonnes which is a significant increase of over 18 percent over the same period in 2019.

Key Points:

  • The Steel Authority of India has also recorded the highest exports in the month of June with export of 3.4 lakh tonnes. The company also achieved the best dispatch of rails to the Indian Railways in June.
  • The first rake of R-260 grade Vanadium alloyed high strength 260-metre rails was also flagged off by SAIL to the Indian Railways.
  • The R-260 grade Vanadium rails have the capability of delivering higher speed and bearing with higher axle load.
  • The higher sales and exports by SAIL indicates the faster recovery and buoyancy of the Indian economy in the current scenario.
  • Moreover, the Rourkela Steel Plant (RSP) on 2 July 2020, established a national record by clocking 48 blows in a one day in a single converter of Steel Melting Shop-2 (SMS-2).
  • The Rourkela Steel Plant (RSP) set another record, as the Hot Metal Torpedo Ladle Number-5 crossed the previous record of 2,331 lining life.

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