Untouched demand for both long and flat products coupled
with rising competition have impacted SAIL's sales by nearly 3% at 76.03
lakh tons in the nine-month period ended December, a senior official said.
“Sales were down during the April-December 2012 period.
We are facing problems for both flat and long products. Competition is there, demand has also come down for certain products like plates,' SAIL's
Finance Director Anil Chaudhary said.
State-run Steel Authority of India's (SAIL) sales decreased
by 2.71 % during the period to 76.03 lakh tons compared to 78.15 lakh tons a
year ago.
The sales of the company were also down in December, 2012 as
well by 4.47 per cent to 9.41 lakh tons.
Meanwhile, during the period, India's steel consumption grew
by 3.9 % to 548 lakh tons, which appear subdued in comparison with
entire last fiscal's consumption growth of 7%.
Production of the company went up by 1.59 per cent during
the April-December period as SAIL did not want to produce more “just to
pile up the level of inventory.” Chaudhary said
SAIL produced 92.52 lakh tons of saleable steel in the first
nine months of the current fiscal compared to 91.07 lakh tons in the
corresponding period last fiscal.
Another steel-making PSU Rashtriya Ispat Nigam's sales also
declined by nearly 17 % to 17.86 lakh tons during the April-December period
compared to 21.63 lakh tons in the same period last fiscal.
Sourced
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