Indian crude steel production inched up 1% on-year to 10.2 million tonnes in August, against 10.09mt produced a year ago. In January-August, output surged 7% on-year to 83.46mt, Kallanish notes.
Following the export duty imposition in May, the industry was anticipating a fall in production, but the stability in domestic demand has supported Indian steel production.
Pig iron production, however, took a direct hit on the duty imposition and thus dropped 2% on-year …
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