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India has become the world's fifth largest steel producer
The Indian government committee of experts have reviewed the statistical figures of steel industry and found under-reporting of many figures due to missing data. They have revised upward the Indian crude steel output in 2006 to 49.45 million tonnes, making
Finished steel output surged 11.5% y-o-y to reach at 51.91 million tonnes for the period 2006-07. Finished steel consumption for the same period was 46.14 million tonnes, an increase of 11.4% y-o-y.