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Steel Ministry asks SAIL, NMDC to explore overseas mineral assets

The Steel Ministry has asked its undertakings, SAIL and NMDC, to explore mineral assets abroad to help secure long-term raw material requirements and support input costs, an official said. Steel Authority of India Ltd (SAIL) is India's largest public sector steel-making entity, and NMDC is the country's leading iron ore player. On a query on whether steel PSUs, especially SAIL and NMDC, have been asked to look for mining assets abroad, the senior ministry official replied in the affirmative. The move will help secure future requirements and reduce cost, the official said without sharing further details. Iron ore and coking coal are two basic raw materials needed to produce steel, besides limestone and pulverised coal injection (PCI Coal), among others. While iron ore is available in abundance in the country, Indian steel makers, including SAIL, remain heavily dependent on imports for 85-90 per cent of their coking coal requirements from countries such as Australia and Mozambique.

Steel sector eyes stronger quarters as demand and realisations improve

Low inventories, stronger seasonal demand and firm prices could support steel makers, though raw material costs and domestic supply-demand trends remain key monitorables

Nifty Metal index up over 1%; SAIL, Welpsun Corp soar up to 4%; here's why

Analysts at Motilal Oswal say, steel industry pricing discipline will remain vital for margin sustenance, as the impact of current cost inflation is likely to become evident with a lag in H2FY27.

Stocks to watch: Meesho, SAIL, ICICI Bank, L&T Fin, Blue Star, OMCs & more

Meesho's shares will remain in focus after a likely block deal to sell 1.5 per cent of Meesho's paid-up equity by SoftBank Vision Fund entity SVF II Meerkat is expected today.

Steel sector outlook strengthens as demand holds firm, input costs ease

Steelmakers expect strong domestic demand and volume recovery to support growth, while softer input costs and downstream investments could aid margins in H2FY27

Nifty Metal tanks 3% in two days on profit-taking; NALCO, SAIL top losers

Analysts say the decline in metal stocks is mainly due to profit-taking by investors. The index is up 15 per cent year-to-date (YTD).

Stocks to buy today: Three picks from Teji Mandi; Tata Capital on list

Jatin Gedia of Teji Mandi recommends Tata Capital, PVR Inox, and SAIL as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.

Bokaro Steel posts best Q1 among SAIL plants, Ebitda at ₹1,154 crore

SAIL's Bokaro Steel Plant nearly doubled first-quarter Ebitda to Rs 1,154 crore, driven by record production, stronger operational efficiency and improved cost control

SAIL rises 3% after Q1 PAT jumps two-fold; Emkay retains Buy for 18% upside

Post Q1 results, Emkay Research has retained a 'Buy' rating on SAIL and cut the target price to ₹190 from ₹200. The target implies an upside of 18 per cent from the previous close of ₹161.45.

Q1 results today: NTPC, SAIL, Bank of Baroda among 81 firms on July 24

Q1FY27 results updates: Firms including Tata Consumer Products, SBI Life Insurance Company, Hindustan Zinc, Bank of India, and Dr Lal PathLabs are also to release their April-June earnings today

SAIL, Indonesia's Krakatau Steel eye up to 1 MT stainless steel project

SAIL and Indonesia-based PT Krakatau Steel, which have signed an MoU to set up a joint venture, are exploring a stainless steel project with a capacity of 500,000 tonnes to 1 million tonnes under the proposed JV, a source with direct knowledge of the plans said. Earlier this week, the steel PSU and the Indonesian entity signed a memorandum of understanding to explore a joint venture to manufacture stainless steel slabs to meet the commodity's increasing demand in India. "SAIL and PT Krakatau Steel would explore setting up a stainless steel project. It can be of 0.5 million tonnes (MT) capacity, or it can also be of 1 MT. But that will be discussed after the formation of a joint venture," the source said. If the JV is formed, the slabs will be produced in Indonesia and supplied to SAIL's Salem Steel Plant (SSP) in Andhra Pradesh, which specialises in the production of austenitic, ferritic, martensitic and low-nickel stainless steels, catering to diverse sectors including nuclear, ...

NALCO, Hindalco rally up to 4% as aluminium prices rebound

The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.

SAIL CMD Panda warns high taxes, royalty to make iron ore costlier

SAIL warns higher royalties and mining levies could raise iron ore costs, adding pressure on India's expanding steel industry amid decarbonisation challenges

SAIL supplies defence-grade steel for three newly commissioned Navy ships

The state-run steelmaker supplied 5,700 tonnes of specialised DMR-grade steel for INS Dunagiri, INS Agray and INS Sanshodhak, reinforcing India's defence manufacturing capabilities

Industry seeks policy push to boost structural steel use in construction

Industry executives have called for regulatory reforms, revised building codes and skill development to boost structural steel use as urbanisation gathers pace

Centre puts BHEL, SAIL on one-year notice, reviews 'Maharatna' status

Government review finds BHEL and SAIL falling short of the profitability threshold required for Maharatna status despite meeting turnover and net worth norms

West Asia conflict to marginally impact steel prices: SAIL chairman

State-owned SAIL expects the ongoing West Asia crisis to have only a marginal impact on its steel prices and is establishing alternative shipping routes to ensure the uninterrupted supply of raw material from the region, a top company executive said. The company buys raw materials, such as limestone from Dubai, Ashok Panda, the newly appointed Chairman of the steel major said. "So far as SAIL is concerned, we will have some impact with respect to the fluxes, limestone, et cetera, which we are buying from Dubai. So, the landed cost, the CFR (cost and freight) cost is going to go up, because it was around USD 23-24, now it will be around USD 35," the official said in reply to a question related to the impact of the West Asia crisis. But overall, in sellable steel, its impact will be hardly Rs 100 or Rs 200, the chairman said. Panda also said that in times of crisis, the availability of raw materials is crucial rather than their cost, for uninterrupted operations, and that SAIL is ...

Rourkela steel plant signs deal with GAIL for uninterrupted PNG supply

The SAIL-owned plant has partnered with GAIL to secure alternative fuel supplies amid propane shortages linked to the West Asia crisis

SAIL to invest over ₹35,000 crore in expansion over next two years

SAIL plans to spend over Rs 35,000 crore over the next two years on capacity expansion projects at its IISCO, Bokaro and Bhilai steel plants

Stocks to watch today: Tata Steel, SAIL, ITC Hotels, Power Grid, Coal India

Stocks to Watch today, May 18, 2026: Tata Steel, Adani Ports, Coal India, SAIL, and Balrampur Chini are some of the key stocks to watch today