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Global Steel’s Slight Sag & Shifting Sovereignty
Global steel output fell 2.2% in February. Russia’s production plunged 10.5% amid sanctions. India posted strong 7.7% growth. Africa expanded 4.7%, the fastest among regions. China declined 3.6% due to property sector weakness. The United States rose 5.8% on infrastructure spending. These divergent trends signal a multipolar steel landscape where regional factors increasingly dictate production.
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