SAIL achieves record export monthly volume of steel in a decade
2 March 2017
Steel Authority of India achieved its best ever export monthly volume of steel in a decade in February 2017. A total of 1.03 lakh tonnes of steel was exported last month, which includes the first time shipment of CE marked plates from the New Plate Mill of SAIL’s Rourkela Steel Plant to Europe.
The new 4.3 meter wide Plate Mill with initial capacity of 1.0 million tonne (mt) can be augmented to 1.8 mt and is equipped with state- of-art technology which can produce wide range of plates with close dimensional tolerance, perfect flatness and surface finish to meet stringent international standards.
The other products which found their way into export markets include wire rods, hot rolled coils, billets and slabs. In the current year 2016-17, SAIL has already exported 6.82 lakh tonnes. In a statement the company said it aims at exporting 10% of its total production and at doubling the volumes for next fiscal in FY 17-18.
SAIL plans to soon diversify its exports basket with cold rolled and galvanized products from New Cold Rolling Mill at Bokaro, structural’s from New Universals Section Mill at Burnpur and Medium Structural Mill at Durgapur. Through the enriched product offering the Company aims to consolidate its presence not only in South East Asian market but also in Europe.