1. Home
  2. >

Steel sales zoom in Oct

Business

India’s leading steel majors, including state-owned Steel Authority of India (SAIL), Essar and Ispat have recorded up to 30% growth in sales volume and JSW Steel’s sales almost doubled in October, 2009, compared with the same period last year, backed by robust demand from automobile and construction sectors.
Healthy demand for the metal indicates a sharp turnaround in the economic activity which had slowed down considerably in the second half of 2008.
It may be recalled most steel companies had cut production in October last year due to the global economic crisis and steep fall in demand. This was accompanied by sharp drop in metal prices as imports surged. But the economy started looking up after the government came out with a stimulus package to safeguard the domestic manufacturing industry early this year.

 

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020