India leads global steel growth as other economies stagnate:...

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India leads global steel growth as other economies stagnate: Jefferies

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India stands out as the only major economy with consistent steel production growth between 2019 and 2024, increasing by 33%. This growth is fueled by strong demand across infrastructure, power, and manufacturing sectors. Despite facing pricing pressures from Chinese imports, the Indian government's safeguard duty has helped prices recover, positioning the steel sector for continued expansion.

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