SAIL targets Japan and Korea for exports

Buoyed by a recent order that it has won in Japan, Steel Authority of India Ltd (SAIL) is now aiming to increase exports to the country as well as to Korea. The steelmaker has widened its product portfolio to export finished steel as well.

This is in tune with SAIL’s new marketing policy which aims at increasing its footprint in overseas markets. Recently, SAIL received an order for supplying 5,000 tonnes of wire rods for Japan’s Funabashi Port. Alongside, SAIL is also exploring the Korean market and has already won an order to supply HR coils to Vietnam. The firm exported about five lakh tonnes of steel between April and November 2017 valued at Rs.1,400 crore. This marks a 16% growth in value.