State-run Steel Authority of India expects to improve production and sales in the March quarter, Chairman S.K. 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 Rs 16.76 billion ($361 million), on the back of a 25 per cent rise in sales volumes.
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The company also expects steel prices to climb because of rising cost of raw materials