During May-25, Indian steel prices declined 2.1% MoM to Rs51,400/tonne, while Chinese steel prices remained unchanged at $455/tonne. Coking coal prices fell by 2.0% MoM to $148/tonne, amid muted global demand. In Apr-25, Indian steel production declined by 6.5% MoM to 12.9 mn tonnes. Estimated Chinese steel output dropped 7.3% MoM to 86 mn tonnes, while global steel production contracted by 6.3% MoM to 156 mn tonnes. Chinese steel exports remained flat MoM but increased 13.4% YoY to 10.5mn tonnes, as global buyers showed resistance to higher prices offered by Chinese producers. Additionally, the recent...