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India: Production’s Plodding Pace & Consumption’s Convincing Climb

India’s crude steel output edged up 1.2% to 14.3 million metric tons in July, while finished steel consumption surged 6.5% to 14.4 million metric tons. Exports jumped 44.1% to 699,300 metric tons, nearly matching imports. The country remained a net importer during April-July. Hot-rolled coil prices held firm while TMT bars softened.

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