PSU steel major SAIL’s crude steel production dropped by 6% q-o-q to 4.33 mnt in Q1FY23 against 4.60 mnt in the previous quarter. Similarly, steel sales registered a fall of 33% q-o-q to 3.15 mnt in Q1FY23 as compared with 4.71 mnt in Q4FY22. High raw material costs and subdued demand in the market have impacted the output and sales in Q1.
Leave a Reply