Support and Resistance Levels
Past performance
About S.A.L Steel Ltd S.A.L. Steel Limited, established in 2003, specializes in producing Sponge Iron, Ferro Alloys, Manganese Steel, Stainless Steel Angel, and Power. Located near Kandla Port in Gujarat, India, the company benefits from strategic access to raw materials and customers. It operates two kilns with an annual capacity of 180,000 tonnes for sponge iron production, utilizing waste heat recovery systems to generate 40 MW of power, ensuring low production costs. Surplus power is sold, adding to profitability.
The firm sources iron ore and coal, with coal primarily coming from international markets, and has secured long-term supply agreements with reputable vendors to maintain high-quality output. Initially a backward integration project for Shah Alloys Limited, S.A.L. Steel faced challenges due to Shah Alloys’ reduced capacity but remains focused on optimizing production and leveraging its location and resource advantages. The company’s capabilities in Ferro Alloys and power generation position it as a versatile player in the steel industry.