State-run Rashtriya Ispat Nigam Ltd is eyeing to produce 6.4 million tonne of liquid steel and 5.8 million tonne of saleable metal in the financial year 2019-20 as per reports. The public sector undertaking (PSU) will be signing a Memorandum of Understanding (MoU), with its administrative ministry — Ministry of Steel — likely by first week of June. For the year 2018-19, Rashtriya Ispat Nigam Ltd (RINL) had a target to produce 6.1 MT of liquid metal but could only produce around 5.5 MT. The state-run firm produced 5 MT of saleable steel against target of 5.5 MT. RINL, corporate entity of Visakhapatnam Steel Plant, produces special steel, including wire rod coils, rounds and billets of different grade and dimensions.