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Indian Steel Output Rises

Steel

India's crude steel output rose 1.7% year-on-year to 7.5 Mt in May, according to data from the Joint Plant Committee of the Ministry of Steel. Steel output for the period January-May was up 6% on the same five months in 2014 at 37.5 Mt. Meanwhile, domestic steel consumption rose 7% year-on-year in May to 7.2 Mt, while steel imports were up 58% to 0.9 Mt.