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Data▲ Bullish for Indian equities
India’s steel output rises 4.6% in August even as global production declines
The brief
- India’s steel output rose 4.6% in August
- Global steel production fell 0.7% during January-August; China’s August output dropped 3.7%
- Higher output supports Indian steelmakers and metals producers
- A-One Steels IPO Day 3: GMP at 14%, issue subscribed 1.35 times; key details
- AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator
- Steel Authority of India and Bharat Coking Coal signs MoU
- SAIL, Bharat Coking Coal sign MoU to jointly develop two coking coal blocks in West Bengal
- India vs China manufacturing: Where India stands as Jefferies flags scale, energy and capex gaps