Steel Sector

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

'Sunset industry' that became the frame for India's post-reforms growth

Once labelled a "sunset industry", India's steel sector has been transformed by liberalisation, private investment and consolidation into a key driver of the country's growth

Safeguard duty, higher prices to keep steel makers' profitability steady

Crisil Ratings expects steel makers to maintain stable profitability in FY27 as higher domestic steel prices and safeguard duty offset rising coking coal, energy and logistics costs

Elevated coal costs seen capping Q1 margin recovery for steel firms

Steel producers are expected to post weaker-than-expected Q1 margin recovery as higher coking coal, freight and operating costs offset gains from stronger domestic steel prices

Govt rebuts US claims of excess capacity in steel and textile sectors

Low domestic consumption levels belie overcapacity allegations, says commerce ministry

JSW Steel Q4FY26 net profit surges on one-time gain from BPSL sale

Company plans to raise India steelmaking capacity to 62 MTPA by FY32 as quarterly revenue and sales hit record highs

SAIL's Rourkela plant posts record output across key units in FY26

Rourkela Steel Plant achieves record output across key units and improves efficiency metrics, driven by higher capacity utilisation and operational stability in FY26

Anand Rathi upgrades Tata Steel to 'Buy' on strong outlook; sees 24% upside

Anand Rathi has revised the target price for Tata Steel to ₹240, based on FY28e SoTP valuation

AM/NS India CEO Dilip Oommen to retire; Amit Harlalka named successor

AM/NS India CEO Dilip Oommen will retire on June 30 after over two decades, with CFO Amit Harlalka set to take over as chief executive from July 1

West Asia crisis: Jindal Steel doubles Angul complex capacity to 12 MTPA

Jindal Steel doubles Angul complex capacity to 12 MTPA, strengthening domestic production and reducing import dependence amid global supply disruptions

Jindal Stainless commissions Indonesia melt shop, plans ₹900 cr capex

Jindal Stainless has commissioned a 1.2 MTPA melt shop in Indonesia and plans Rs 900 crore investment to expand downstream cold rolling capacities

Tata Steel set to gain from India growth, lower global costs outlook

Strong domestic demand, protectionist policies in key markets and cost efficiencies position Tata Steel to benefit despite global headwinds and price volatility

Govt to make carbon trading compliance mandatory for steel sector

A senior steel ministry official says mandatory compliance under the Carbon Credit Trading Scheme will begin soon, as India moves to lower emissions and set plant-specific targets

Public procurement mandate could unlock 16 MTPA green steel demand: CII

A 26% green steel mandate for public projects could cut emissions sharply while raising total project costs by only 0.2-1.2%, a CII report says

SAIL moves court after CCI flags suspected cartelisation in steel industry

SAIL has sought detailed findings from the CCI after the regulator indicated suspicion of cartelisation among major steelmakers, prompting the PSU to initiate legal steps

Steel stocks SAIL, Tata, JSL, JSW, Jindal gain up to 2%; here's why

The policy support, safeguard measures, and the likelihood of regulatory adjustments are improving industry visibility, say analysts.

Vedanta Q3 Preview: What to expect from metal major in this quarter?

Vedanta Q3 Preview: Analysts see robust performance from the aluminium, zinc and power segments, which is likely to offset weakness in the oil and gas business

MOFSL recommends these two steel stocks to buy amid strong domestic demand

India's steel sector is set to outperform globally, driven by strong domestic demand, safeguard duties and capacity expansion. Motilal Oswal picks JSW Steel, Tata Steel

Steel prices rise as safeguard duty, rising exports push rates up

Steel prices are moving up as mills hike HRC rates, aided by safeguard duty, higher exports and rising input costs, even as analysts remain cautious on how long the uptrend will hold

Safeguard duty extension lifts outlook for steel sector in 2026: Antique

Antique said it prefers steel companies with strong market presence, higher raw material integration, low leverage and greater exposure to the domestic market