business / news / / Times of India
India emerged as one of the fastest-growing steel markets as global steel prices rose across major regions in April and early May.
India's crude steel production rose 11% year-on-year in March, outpacing previous months.
KEY POINTS
- China's steel output contracted 3.2% year-on-year in early May, signaling ongoing supply tightening.
- Goldman Sachs expects US steel prices to remain higher than Europe, China, and Brazil through 2026.
- Delayed execution for China's steel sector capacity and production discipline is now expected in 2026.
COMPANIES
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