In­crease in steel pro­duc­tion in in­dia

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In­dian firms are es­ti­mated to have churned out a record amount of steel in the year that ended in March as the govern­ment took steps to pro­tect steel mak­ers, con­struc­tion ac­tiv­ity re­bounded and China shut down il­le­gal fac­to­ries. In­dia pro­duced 86.7 mil­lion tonnes (mt) in the nine months to De­cem­ber from 73.96 mt in the pre­vi­ous year, ac­cord­ing to pro­vi­sional fig­ures from the steel min­istry. Ex­ports rose to 7.6 mt from 4.98 mt in the pre­vi­ous year.

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