On Wednesday, Jindal Steel and Power had reported “meaningful recovery” in steel sales, despite low railway rake availability. They stressed that sales volume registered a year-on-year growth of 20 per cent to 6.95 lakh tonnes in January this year.

• What is Stock Order : Types, Differences & How Order Works
• India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
• Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
• Ashwini Vaishnaw Encourages German Companies to Invest in India
• Flipkart Appoints Dan Bartlett to Board

Inventories continued to decline for the second consecutive month, with the company posting steel production of 6.82 lakh tonnes.

Sales volume increased 20 per cent year-on-year to 6.95 lakh tonnes, compared to 5.81 lakh tonnes on January 21, the company said in a statement.