With the demand momentum decently strong, mills were able to notch up good sales last fiscal. JSW Steel witnessed an 8% y-o-y increase in saleable steel sales to 21.13 mnt. Tata Steel saw its volumes rising 5.6% to 19.9 mnt. SAIL’s saleable steel sales rose 6% to 17.10 mnt. JSPL’s, in FY’24, remained flat even though volumes fell a slight 1% y-o-y in Q4FY’24. AM/NS India posted a 13% increase to 7.44 mnt last fiscal.
