Steel companies are expected to deliver a robust 8-10% volume CAGR over FY25-28E, driven by strong domestic demand and capex, with safeguard duties supporting profitability, believe analysts.
At 10:21 AM on Wednesday, the Nifty Metal index was the top gainer among the sectoral indices up 2 per cent, as compared to 0.23 per cent decline in the Nifty 50
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
In the past one month, the stock price of Hindustan Zinc, Nalco, Vedanta, Hindalco Industries and SAIL have rallied between 15% and 32%.
The CCI probe into the steel industry began in 2021 after builders alleged nine firms colluded to restrict steel supply and hike prices in a criminal case
SAIL share price hit a 17-month high at ₹150.40, gaining 2% on Monday. The stock now quotes at its highest level since August 2024.
Antique said it prefers steel companies with strong market presence, higher raw material integration, low leverage and greater exposure to the domestic market
Jindal Steel plans to double its structural steel manufacturing capacity to 2.4 MTPA by mid-2028, aimed at addressing the growing demand for heavy and ultra-heavy structural steel sections.
Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.
At 09:55 AM; Nifty Metal index, the top gainer among sectoral indices on Monday, was up 1.5 per cent, as compared to 0.08 per cent rise in the Nifty 50.
Metal stocks in demand: Analysts expect non-ferrous players to witness margin expansion in Q3 with LME prices continuing an uptrend compared to Q2.
Nuvama Institutional Equities has downgraded the Steel Authority of India (SAIL) to 'Reduce', flagging concerns around excess flat steel supply in India and weak steel margins
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State-owned steel maker SAIL on Saturday said it recorded a 14 per cent year-on-year growth in sales at 12.7 million tonnes (MT) in April-November 2025, amid "price pressures and demand volatility". The Steel Authority of India Ltd (SAIL), a leading integrated player in the steel sector, had posted sales of 11.1 MT in the corresponding period last year. The company said, "This resilient performance was possible due to a strong sales strategy...despite many challenges including global price pressures and demand volatility arising from various global trade policy uncertainties and geopolitical tensions." During the eight-month period, the company said retail sales were also strong. It was at 0.97 MT, up 13 per cent from 0.86 MT in April-November 2024, supported by ongoing nationwide brand promotion campaigns. In November alone, overall sales rose 27 per cent year-on-year, while retail sales surged by 69 per cent y-o-y. SAIL, under the Ministry of Steel, owns and operates five integr
SAIL's management remains hopeful of a demand recovery in the later part of Q3 and Q4 of FY26
Till 10:38 AM; a combined 90.32 million equity shares representing 2.2 per cent of total equity of SAIL changed hands on the NSE and BSE.
Motilal Oswal Financial upgrades Tata Steel from Neutral to BUY with a target price of ₹210 per share, while InCred Equities upgraded SAIL's rating to ADD from REDUCE, with a target price of ₹158.
Steel Authority's biggest competitive advantage remains its fully integrated raw material base, unlike private steelmakers such as Tata Steel or Jindal Steel and Power
In the Nifty Metal index, Hindustan Copper rallied as high as 6.37 per cent, while Hindustan Zinc and Tata Steel rose 4.9 per cent and 3.4 per cent, respectively
Steel stocks outlook: Moody's anticipate that steel demand in India will grow at a 5-7% CAGR until 2030, fueled by infrastructure spending, construction projects and expansion in industrial production