Author: Akshay Bedekar
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India: Stable crude steel output masks softer manufacturing sentiment
Crude steel production holds at 14.1 mnt despite weaker manufacturing PMI Higher domestic coal output and record electricity demand indicate investment activity remains resilient Manufacturers slow procurement as new orders, exports and hiring lose momentum Morning Brief: India’s macroeconomic indicators for June suggest the investment cycle remained resilient even as manufacturing sentiment softened. Stable steel…