The January to November crude steel production statistics released by the World Steel Association indicate India as the second largest steel producer in the world, overtaking Japan for the second month in a row, with a growth rate of 4.9%.
Figures by worldsteel’s October Short Range Outlook also find likely that India will become #2 in steel use by the end of 2019 with an increase in steel demand by 7.3%, Adam Szewczyk, Head, Data Management, World Steel Association, informed.
Namely, India’s...
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