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Indian Steel Output Rises in May


Indian crude steel output rose by 2.2% year-on-year to 8.2 Mt in May, according to preliminary data from the country’s Ministry of Steel reported by local media. Production has now risen on an annual basis for 16 consecutive months. Steel output in the first five months of the year was up by 6.1% on same period in 2016 at 41.3 Mt.