India: SAIL’s crude steel production rises 14% in FY’22

PSU steel major SAIL’s crude steel production rose by 14% to 17.36 mnt in FY’22 compared to 15.21 mnt in FY’21. Production stood at 4.60 mnt in Q4FY’22, up 2% from 4.53 mnt in the Q3FY’22. Steel sales were recorded at 16.15 mnt in FY’22, up 8% from 14.94 mnt in the previous fiscal. On a quarterly basis, sales rose by 23% to 4.71 mnt in Q4.