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Indian Steel Production in November

Steel

Indian crude steel output slipped to a five-month low of 8.3 Mt in November, although was still up by 3.6% year-on-year, according to preliminary data from the country’s Ministry of Steel. This was the 22nd consecutive annual increase in monthly output. At 92.4 Mt, production in January-November was up by 6.1% on the same period in 2016, and annual production is on track to reach 100 for the first time in 2017.