March 1, 2017 / 11:14 AM / 7 months ago

BRIEF-SAIL says Feb steel exports of 1.03 lakh tonnes

March 1 (Reuters) - Steel Authority of India Ltd

* SAIL records best ever export monthly volume in ten years

* Says a total of 1.03 lakh tonnes of steel was exported in Feb

* Says company aims at exporting 10% of its total production and at doubling volumes for next fiscal in FY 17-18

* During the current financial year 2016-17 SAIL has already exported 6.82 lakh tonnes

* Says aims to consolidate its presence not only in south east asian market but also in Europe

* Plans to soon diversify its exports basket with cold rolled and galvanized products from new cold rolling mill at Bokaro

* Says a total of 1.03 lakh tonnes of steel was exported in Feb Source text: [In the month of February, 2017 SAIL has achieved the best ever export monthly volume of steel in last ten years. A total of 1.03 lakh tonnes of steel was exported last month, which includes the first time shipment of CE marked plates from the New Plate Mill of SAIL’s Rourkela Steel Plant to Europe. During the current financial year 2016-17 SAIL has already exported 6.82 lakh tonnes. The Company aims at exporting 10% of its total production and at doubling the volumes for next fiscal in FY 17-18 which will happen after tripling export volumes during the current fiscal. SAIL plans to soon diversify its exports basket with cold rolled and galvanized products from New Cold Rolling Mill at Bokaro, structural’s from New Universals Section Mill at Burnpur and Medium Structural Mill at Durgapur] Further company coverage:

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