Metal Sector

Recycling body MRAI urges govt to remove 2.5% duty on aluminium scrap

The recycling industry has urged the government to abolish the 2.5 per cent duty on aluminium scrap to promote the circular economy. The duty removal will help lower input costs for recyclers and downstream manufacturers and become competitive globally, the Material Recycling Association of India (MRAI) said. The country remains dependent on imported aluminium scrap to meet industrial demand, it noted. In a letter to the Prime Minister's Office (PMO), the body requested to abolish the existing 2.5 per cent basic customs duty (BCD) on aluminium scrap. "India currently depends on imports to meet nearly 80-85 per cent of its aluminium scrap requirement," it said. Making uninterrupted access to imported scrap is indispensable for sustaining domestic manufacturing and the growth of the recycling industry. MRAI highlighted that India's secondary aluminium production has grown from 0.85 million tonnes in FY16 to nearly 2.2 million tonnes in FY26 and now accounts for around 35 per cent o

Q1FY27 earnings preview: Sector-wise outlook; financials, auto to stand out

Q1FY27 earnings preview: VK Vijayakumar of Geojit Investments believes that Q1 will be subdued, impacted by the energy crisis.

Commerce ministry calls for govt-level talks on concerns over metal scrap

The ministry has sought engagement with the EU over its Waste Shipment Regulation amid concerns that restrictions on scrap exports could affect Indian industry

Hindalco, Coal India: UBS turns selectively bullish on Indian metal sector

Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.

Cold-rolled formed engineering solution cuts mining scrap by 80%: Experts

Cold-rolled formed engineering solutions are driving a sustainability shift in the mining sector as the process generates minimal scrap, which can reduce waste generation by up to 80 per cent compared to conventional methods, experts said. As the industry focuses on productivity and sustainability, the shift toward precision-driven cold roll-formed engineering is emerging as a key enabler -- reducing waste, lowering costs, and improving long-term performance across mining operations. "In mining, scrap is not incidental -- it is embedded cost. Traditional fabrication creates inefficiencies through cutting, welding, and overdesign. Cold roll forming addresses this at the source by minimising material loss and delivering precision-engineered profiles," said Santosh Venkatasubbaiah, Director - Sales and Marketing at Mother India Forming, a company specialising in cold roll-formed components. Cold-rolled formed engineering solutions supports India's green steel initiatives by minimizing

Vedanta demerger: What it signals for India's metals and mining sector

As Vedanta splits into independent verticals, the move signals India's evolving mining sector, focused on supply chain control, critical minerals, and specialised companies

Vedanta stock jumps 5% ahead of demerger; ICICI Securities advises 'hold'

Vedanta announced that May 1, 2026, will be the record date for its long-awaited demerger. The stock will turn ex-date on April 30 because May 1 is a market holiday.

5 reasons why Goldman Sachs is bullish on Indian steel stocks

Goldman Sachs has initiated coverage of Indian metal (steel) stocks as itsees India as the next steel demand driver. It is bullish on Tata Steel, JSW Steel, Shyam Metalics among others

MSME copper recyclers face shutdown risk amid West Asia conflict

Units warn of permanent shutdowns and curtailed operations as West Asia conflict disrupts scrap supply, raises costs, and strains liquidity; government relief sought

West Asia crisis causes demand pain for steelmakers

The ongoing blockage of the Strait of Hormuz is causing global freight, fuel, and insurance costs to soar, dampening market sentiment and hampering trade with West Asian customers.

Metal stocks rally as US-Iran talk hopes lift sentiment; Hind Copper up 6%

Buying in the metal sector came amid an overall positive market amid optimism around progress in US-Iran negotiations, which helped ease geopolitical tensions and lift global investor sentiment

Metal stocks gain up to 4% defying weak market; Q4 outlook remains strong

Buying in the sector came despite a setback in overall market sentiment, as tensions in West Asia resurfaced just a day after the United States and Iran agreed to a temporary two-week ceasefire

Steel, aluminium stocks slide amid reports of Trump's 25% tariff plan

The Nifty Metal index fell over 3 per cent to hit an intraday low of 11,052.55, dragged by Hindustan Copper, Hindustan Zinc, APL Apollo Tubes, Tata Steel, SAIL, Adani Enterprises, and Jindal Steel

Automotive metal forming market to reach $95 billion by FY30: Report

India's automotive metal forming market is expected to grow at a compound annual growth rate (CAGR) of 12 per cent to reach USD 90-95-billion by FY30, driven by cost competitiveness, engineering talent and supplier ecosystem, a report said. The industry has crossed a critical threshold in recent years, surpassing USD 80 billion in size in FY25 and transitioning from being a net importer to become a net exporter, according a report by investment bank Avendus Capital. The report highlights a structural shift in global automotive supply chains that is driving value concentration toward process-led manufacturing segments, particularly metal forming. The industry, which involves key manufacturing processes such as casting, forming, stamping and machining, has achieved exports of around USD 23 billion in the financial year ended March 2025. This reflects not just scale expansion, but a structural upgrade in manufacturing complexity, quality standards, and global integration, the report .

Nifty Metal gains 3%; Tata Steel, JSW, LloydsME jump up to 7%: Here's why

Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each

Metal & commodity-linked spaces to benefit from AI capex: Bajaj Finserv AMC

The growth of AI relies heavily on physical infrastructure alongside software, which will drive demand in power, metal, semiconductor segments.

FIIs pull ₹33,336 cr in Jan 2026, dump defensives, buy metals: PL Capital

Heavy selling in defensive and consumption-related industries like FMCG, healthcare, and consumer services drove the January outflows

Vedanta share tanks 8% amid profit booking; Q3, demerger keep bulls hopeful

The stock fell to an intraday low of ₹702.40 per share before paring some losses. Around 11 AM, Vedanta was trading 6.93 per cent lower at ₹713, underperforming the broader market.

Hindustan Copper zooms 18%; stock hits new life-time high after 16 years

Thus far in the month of January 2026, the stock price of Hindustan Copper has surged 53 per cent, as compared to a near 4 per cent decline in the BSE Sensex.

Jindal, Tata Steel rally up to 4%, near record highs; JSW Steel at new high

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.