India nears second spot as world steel producer on record output

Mumbai: India is expected to surpass Japan to become the second largest producer of steel in the world by the year 2019, as per the Government of Australia . The country's steel output rose 11 per cent to 101.3 million metric tons during the year 2016-17, and the nation was a net exporter for the first time in three years. The total number of steel shipments doubled to 8.2 million tons in 2016-17. The country’s output is expected to rise from 103 million tons in 2017 to 110 million in 2018, and 118 million by 2019, according to projections from Australia’s Department of Industry, Innovation and Science.             

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