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flag India's steel output soared 33% over five years, bucking a global downturn.

flag India's steel output surged by 33% from 2019 to 2024, marking it as a standout market in a globally sluggish commodities sector where production fell by 1%. flag The Jefferies report highlights India's consistent growth in steel, along with commodities like coal and aluminum. flag Despite facing pricing pressure in 2024, the government imposed a 12% import duty on flat steel in April 2025, leading to a price rebound. flag Forecasted positive growth and rising demand support a favorable outlook for Indian steel companies.

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