Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows
India from January imposed curbs on imports of low-ash metallurgical coke, or met coke, with country-specific quotas to help domestic suppliers
JSW Infrastructure on Wednesday said it has completed the acquisition of slurry pipeline business from JSW Utkal Steel Ltd for around Rs 1,617 crore. In an exchange filing, the company said it has also entered into a long-term 'take-or-pay' agreement with JSW Steel Ltd for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur. Take-or-pay is a contract, where the buyer has the obligation to either take delivery of goods or pay a specific penalty in case they fail to honour the contract. "The company executed the Business Transfer Agreement on March 25, 2025 completing the acquisition of slurry pipeline business form JSW Utkal Steel Ltd for a consideration of Rs 1,617 crores (subject to closing adjustments)," it said. Part of Sajjan Jindal-owned JSW Group, JSW Infrastructure is the second-largest private port operator in India, with a cargo handling capacity of 170 MTPA. JSW Utkal Steel is an arm of JSW Steel which is also a JSW Group company into manufacturing
A sharp focus on innovation, sustainability, and strategic investments has cemented JSW Steel's position at the forefront of the industry, say group officials
JSW Steel's stock has surged 18 per cent in 2025, making it one of the top performers on Nifty 50 index. With a market capitalisation of $30.31 billion, it leads its domestic & international peers
JSW Steel on Tuesday said it will sell over 22 crore shares in its subsidiary Piombino Steel Limited (PSL) under the proposed buy-back offer for Rs 1,676.45 crore. It holds 508 crore equity shares in PSL, constituting 83.28 per cent of the total equity shareholding of PSL, JSW Steel said. The Board of Directors has approved tendering of 22,26,36,000 equity shares held in PSL, under the proposed buy-back offer at a price of Rs 75.30 per equity share. This move will help company further strengthen its balance sheet, JSW Steel said. The buyback has also been approved by the board of PSL to buyback the said number of shares from parent JSW Steel at a price of Rs 75.30 per share aggregating to a total consideration not exceeding Rs 1,676.45 crores, subject to approval of the shareholders of PSL, it added.
Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.
ArcelorMittal Nippon has already warned New Delhi privately that it may have to severely curtail steelmaking and delay any expansions due to the curbs
15 Sensex stocks and 9 Nifty stocks outperformed the benchmark indices, so far in 2025, as they surged up to 23 per cent
Nomura has set a target price of Rs 1,220 and Rs 1,080 for JSW Steel and JSPL, respectively.
Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.
Steel tariff Trump news: US President Donald Trump may announce a 25-per cent tariff across all the imports of steel and aluminum as early as Monday
Over the past few weeks, Redington share has witnessed strong volume activity, culminating in a bullish breakout this week
The investment will be spread over the next seven to eight years. It can be one of the most ambitious projects in India's steel sector
The Nifty Metal Index slumped 3.37 intraday on Monday, as heavy selling pressure dragged down key stocks across the sector
JSW Steel reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24
In the previous session, the Sensex declined 329.92 points, or 0.43 per cent to 76,190.46. Similarly, the Nifty50 ended the day 113.15 points, or 0.49 per cent, lower at 23,092.20
Jayant Acharya tells Ishita Ayan Dutt, the steel industry expects the government to decide on safeguard measures from dumping post-Budget
Total revenues on a consolidated basis in Q3FY25 stood at Rs 41,378 crore, down 1.3 per cent Y-o-Y from Rs 41,940 crore a year ago
Q3FY25 company results, January 24: Godrej Consumer Products, Bank of India, and AU Small Finance Bank will release results for the Oct-Dec quarter today