India Steel Market Watch
October 26: Aiming to impress African countries with its product offerings, Steel Authority of India Ltd (SAIL) has displayed its various products at the 3rd India-Africa Forum Summit that started in New Delhi on October 26 and will remain open till October 29.
More than 50 head of states across Africa are scheduled to participate in this event which will foster and strengthen ties between the two countries.
SAIL, the largest state-owned steel-maker of India, will also participate in the exhibition themed Science & Technology Innovation Exposition “India partners Africa – Technologies for Development” which is a part of this event, the company said in a release.
The summit is organised to celebrate the close partnership between India and Africa.
For more than 50 years, SAIL steel has been the building block of infrastructure and industry in India – be it railways, roads, bridges, airports, power plants or any other. The wide network of Indian Railways runs on rails manufactured by SAIL at its Bhilai Steel Plant in central India.
SAIL is also the largest manufacturer of plates and structurals in the country. The plates from SAIL find wide-ranging applications from warships, ATM chests, industrial boilers and pressure vessels to structural fabrication and have been exported across the world to countries in North America and South America, Europe, Asia and Africa.
During the exhibition, SAIL will showcase its wide range of products, which, apart from the above, include reinforcement bars, wire rods, hot rolled coils and sheets, cold rolled and coated products, stainless steel etc on various panels.
SAIL has recently put up additional capacities for production of rails, plates, universal structurals, reinforcement bars, wire rods and cold rolled products. With the export of state-of-the-art products from these new mills, SAIL can contribute immensely to development of infrastructure and industrial potential in Africa.