Steel Authority of India SAIL today said its production increased by 7 per cent in August to 1.16 million tonnes MT.
8220;SAIL produced 1.16 MT of crude steel recording a growth of 7 per cent in August 2012 over the corresponding period of last year8230; This assumes added significance considering the fact that world over the production levels have stagnated for
last couple of months,8221; it said in a statement.
The company,however,did not provide comparative figures for the corresponding month of last year.
Month-on-month basis,the company8217;s production has however gone down little bit as it had produced 1.2 MT in July.
In August,its blast furnace productivity,a critical parameter of production efficiency,was up by 9 per cent last month over performance in August,2011.
During April-August,SAIL produced 5.65 MT,up 3 per cent over the same period of last fiscal,the company said.