New Delhi, May 30 -- According to a detailed analysis by Jefferies, India stands out as the only major economy to post consistent steel production growth between 2019 and 2024.

While global steel output contracted by 1 percent during this period, India achieved a 33 percent increase in production.

The Jefferies report identifies India as a "bright spot" in the commodities market, noting the country's exceptional performance across multiple material categories.

Unlike numerous other nations experiencing stagnation or decline, India has maintained consistent volume growth in carbon steel, stainless steel, coal, and aluminium sectors throughout the assessment period.

Carbon and stainless steel consumption have expanded at a compound annu...