SAIL to focus on domestic market

New Delhi, July 28 (UNI) Laying to rest the idea of venturing overseas, Steel Authority of India Limited (SAIL) will concentrate more on the domestic sector, raising its market share of 23 to 24 per cent up to 50 per cent, outgoing Chairman-cum-Managing Director V S Jain today said.

Addressing a news conferense, Mr Jain said the management and the core group, after having a detailed discussion on the idea that SAIL should also acquire some steel projects overseas, have decided that SAIL should in fact concentrate more on the domestic sector for further consolidating its position.

He, however, expressed expressed satisfaction that he was able to make a total turnaround of SAIL during his five-year tenure.

''It is the institution and not the individual which matters and SAIL is now on a firm footing to meet the global challenges,'' he said, adding that the steel industry all over the world is witnessing a boom and India is the biggest attraction centre for all.

SAIL, at present, is using around 65 per cent imported coal in its steel plants, which is blended with the domestic coal as in the domestic coal the ash content remains as high as 20 per cent, he informed.

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