India's finished steel products output is likely to reach 88.6 million tonnes in the current year, registering an increase of 5.7 per cent.
The country's finished steel output is also likely to increase to 94.9 MT in 2018, World Steel Association said.
Finished steel products are those which are obtained upon hot rolling/forging of semi-finished steel -- blooms, billets, slabs. These cover two broad categories, namely long products and flat products.
Steel demand in the emerging and developing economies, including China, which accounts for 30 per cent of world total, is expected to grow by 4 per cent in 2017 and 4.9 per cent in 2018, World Steel Association said.