Indian firms are estimated to have churned out a record amount of steel in the year that ended in March as the government took steps to protect steel makers, construction activity rebounded and China shut down illegal factories. India produced 86.7 million tonnes (mt) in the nine months to December from 73.96 mt in the previous year, according to provisional figures from the steel ministry. Exports rose to 7.6 mt from 4.98 mt in the previous year. India, in fact, has been a net exporter of steel for the past 13 months.

(Live Mint)