New Delhi, May 30 -- India is emerging as a strong growth market for steel, standing out as the only large country to report meaningful volume growth between 2019 and 2024, according to a recent report by Jefferies.

While global steel production fell one per cent during this period, India's steel output grew by a robust 33 per cent.

Jefferies says "India offers a bright spot in the world largely devoid of volume growth in commodities. India was the only large steel market to see meaningful volume growth over 2019-24".

The report highlighted that India is currently one of the few countries in the world showing consistent volume growth across major commodities, including carbon steel, stainless steel, coal, and aluminium.

Over the past ...