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The Union steel ministry has proposed a ₹400 crore revival package for SAIL’s Salem Steel Plant to restore operations and preserve employment. The stainless-steel mill currently produces under 100,000 tonnes annually against a 360,000-tonne installed capacity. The funding aims to revive utilisation to 90–100% through repairs, secure scrap supplies, and balance-sheet support.
The plan prioritises an electric-arc-furnace (EAF) route for scrap processing and a market pivot toward retail kitchenware and homeware under the SAIL brand, with an indicative target of capturing 10% market share by 2030. Two consultants-Metalist for operations and McKinsey for business redesign have been engaged.
Early steps have yielded gains: improved cold-rolling performance, longer refractory life, and a fuel switch to LNG that has cut costs by about 12%. Management also plans product diversification into rolling-stock parts, bridge elements and auto-grade components. No final approval timetable or implementation milestones have been announced.
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