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India: SAIL Q3 FY’20 Steel Sales Up 26% YoY

Steel Authority of India Limited (SAIL) yesterday declared its performance results for the third quarter of FY20. During the quarter, the company reported 5% growth in its topline over corresponding period last year (CPLY).
Despite the reduction in prices, SAIL has been able to achieve higher revenue through its continual push towards higher volumes which saw production (3.9 MnT) and sales (4.1 MnT) grow by 3% and 26% over CPLY respectively. However, the reduction in prices, which has hurt the financial performance of all

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