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| Edited By: |Source: Reuters |Updated: Mar 17, 2018, 02:45 AM IST
State-run Steel Authority of India Ltd (Sail) expects to improve production and sales in the March quarter, chairman SK Roongta told reporters on Wednesday.
The company also expects steel prices to climb because of rising cost of raw materials, but no sharp increase is likely, he said.
Sail, India's largest domestic producer of the metal, earlier beat market forecasts with a doubling of December quarter net profit to Rs16.76 billion ($361 million), on the back of a 25% rise in sales volumes.
