Steel Sector

JSW-JFE 50:50 joint venture puts spotlight on Indian steel market

JSW Steel and Japan's JFE Steel will jointly own BPSL in a 50:50 venture, marking renewed global interest in India's steel sector as companies chase long-term growth opportunities

Nomura sees China shift boosting Tata Steel, JSW Steel and Jindal Steel

Nomura says the broad-based slowdown validates earlier expectations of a sharper demand slump in the second half of the year.

A timely course correction: The rollback of QCOs must be sustained

A long-overdue course correction begins as the government moves to roll back QCOs that hurt small firms, consumers, and exports - but momentum must continue to prevent regulatory overreach

Tata Steel Q2 preview: Here's what top brokerages expect from steel major

Tata Steel Q2 preview: Brokerages project consolidated revenue in the range of ₹53,000-55,800 crore, up marginally Y-o-Y, while Ebitda is likely to rise 38-67 per cent Y-o-Y to around ₹8,500 crore.

MIF suggests exports of value-added items to tackle tariff impact

India can mitigate the impact of high tariffs in global markets by exporting high-value cold-rolled steel components and other value-added items that face lower duties, said Dhirendra Sankhla, Director of Mother India Forming (MIF) -- a manufacturer of customised steel tubes and profiles. The United States has increased tariffs on Indian steel to 50 per cent, while the European Union is proposing new tariffs, creating a ripple effect across the global steel trade and causing uncertainty for countries like the UK. "The world challenged India with 'Make in India', and Indian manufacturers responded with the 'Made in India' benchmark, meeting global quality and delivery standards. By converting steel volume into precision-formed components, India is no longer just a steel producer, it is a solutions provider for the world," Sankhla said. Cold-roll sheet forming converts steel coil into engineered profiles, tubes and components that are often classified differently for trade purposes, .

APL Apollo fires on all cylinders; what's next for the stock? Find out here

Analysts at Nuvama noted that APL Apollo launched its new 'SG Premium' product line at around ₹49,500 per tonne to counter competition from secondary steel players.

InCred Equities upgrades Tata Steel to 'Add'; stock hits fresh 52-week high

On the bourses, Tata Steel shares rose as much as 1.91 per cent to hit a fresh 52-week high of ₹177.85 per share.

Graphite India soars 8%, hits 4-year high on huge volume; HEG rallies 6%

Graphite India stock hit a four-year high at ₹622.55, surging 8% on the BSE in Wednesday's intra-day trade, surpassing its previous high of ₹614 touched on December 4, 2024.

KIOCL zooms 47% in 3 days on heavy volumes; what's driving this PSU stock?

Shares of KIOCL hit a new high of ₹628.85, soaring 19 per cent on the BSE in Monday's intra-day trade amid heavy volumes.

Analysts hike Jindal Steel target price; 4 key triggers behind the upgrade

Analysts at Nuvama have revised their target price on the Jindal Steel stock to ₹1,426 from ₹1,193 earlier, valuing it at 7x FY28E EV/Ebitda, and reiterated a 'Buy' rating.

Nomura upbeat on steel sector; raises TP on JSW Steel, Jindal Stainless

The brokerage has raised its target on JSW Steel and Jindal Steel by 7 per cent and 6 per cent, respectively, projecting Ebitda CAGR) of 25-27 per cent during FY25-28F across its coverage universe

JM Financial bets on Tata Steel, Hindalco, Jindal Steel ahead of Q2 show

Despite the soft quarter, JM Financial continues to highlight Tata Steel, JSPL, and Hindalco as top picks in the metals space.

Steel industry eyes AI to enhance value chain, green transition finance

Steel industry stakeholders will gather on Monday to discuss ways to ensure the sector's growth using artificial intelligence (AI) in value chain, financing for green transition and increasing raw material availability. The discussions will be part of the two-day Steel Conclave 2025 to be held on September 8-9 in the national capital in presence of Union Steel Minister H D Kumaraswamy and Bhupathiraju Srinivasa Varma, Minister of State (MoS) for Heavy Industries and Steel. "The event will cover leadership for growth of the steel industry, leveraging AI in the steel value chain, increasing iron ore availability for Aatmanirbharta, and financing steel's transition to green growth," apex industry body Indian Steel Association (ISA) said in a statement. Besides, the leaders will also discuss measures to decarbonising the sector, price risk management, logistics and infrastructure efficiency. ISA President Naveen Jindal said "We are working towards a resilient, future-ready steel sector

Tariff impact: Nomura cuts FY26 GDP forecast to 5.8% in worst-case scenario

Data from the Annual Survey of Industries (ASI) show that these sectors together employed around 21 million workers directly and via contractors in 2023, Nomura said

This smallcap steelmaker share skyrockets 19%; what's behind the rally?

Mukand shares surged after the company announced the execution of an agreement for sale on July 23, 2025, for monetising land assets in Thane district.

Brokerages up target on JSW Steel despite valuation worries after strong Q1

JSW Steel posted a 158 per cent year-on-year (Y-o-Y) jump in consolidated net profit at ₹2,184 crore for the June quarter, beating Bloomberg estimates of ₹2,095 crore.

JTL Industries share extends losses, drops 11% in three days; here's why

JTL Industries stock was trading 4 per cent lower at ₹73.82 compared to the previous day's close of ₹76.9 on the NSE

JSW Steel: Expansion, margin revival drive Motilal Oswal to reiterate 'Buy'

The brokerage believes the stage is set for a strong turnaround in JSW Steel's margins and earnings, aided by both internal efficiencies and macro tailwinds.

Pak, Russia sign agreement to revive Pakistan Steel Mills project

Pakistan and Russia have signed an agreement to restore and modernise the Pakistan Steel Mills project, marking a new chapter in cooperation between the two countries, according to media reports. China was also in the race for getting the contract for the Pakistan Steel Mills (PSM) project that was originally built with Soviet assistance. The agreement to revive the PSM in Karachi was signed at the Pakistan Embassy in Moscow on Friday, state-run Associated Press of Pakistan (APP) reported. The project aims to restart and expand steel production, marking a new chapter in bilateral cooperation, the APP said. Special Assistant to Prime Minister Haroon Akhtar Khan, who is currently on a visit to Russia, said, "Reviving the PSM with Russia's support reflects our shared history and commitment to a stronger industrial future." The PSM was originally built with assistance from the former Soviet Union in 1971, and had remained a lasting symbol of Pakistan-Russia ties, a statement issued by

Tariff shocks, China exports challenge Indian steel: Sajjan Jindal

JSW Steel chief flags risks from US tariffs, Chinese exports and global volatility, urging a sustained policy push to ensure competitiveness and fair returns on investment