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Indian Steel Output Growth Slows in June

Steel

After two strong months of increases in April and May, Indian crude steel output growth slowed to 3.2% year-on-year in June, according to preliminary production data from the country’s Ministry of Steel. Nevertheless, at 8.3 Mt, this was still the seventeenth consecutive month of annual growth, and 1h17 production was up by around 7% on the same period last year at 50.1 Mt.