Steel Sector

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

Govt to prioritise steel output, raw material security as 2030 target nears

The government will continue to prioritise higher steel production and raw material security in the coming year, as India enters the final five years of its journey towards achieving an installed steelmaking capacity of 300 million tonne (MT) by 2030. Alongside capacity expansion, the emphasis will remain on the adoption of low-carbon technologies, the development of green steel capacity and the production of special and high-end steel grades to meet the evolving needs of domestic industries and export markets, a steel ministry official said. The push comes at a time when India is the world's second-largest crude steel producer, and steel demand continues to be supported by strong infrastructure spending, housing, railways, automobiles, defence manufacturing and capital goods under government initiatives such as PM Gati Shakti, National Infrastructure Pipeline, and Make in India. However, the industry is also bracing for continued challenges in 2025, including rising imports, volati

Muted Q3 likely, but volume gains and mix support Jindal Steel outlook

Indian steelmakers may see weaker Q3FY26 margins, but Jindal Steel's capacity expansion, rising volumes and higher share of value-added products could aid recovery

Aeroflex Industries share jumps 13% on capacity expansion, fund-raise plan

Aeroflex Industries shares surged in trade today after the company announced a series of capacity expansion initiatives along with a fund-raising plan.

Steel sector earnings to stay subdued in FY26 amid oversupply: ICRA

ICRA said steelmakers' margins remain under pressure as oversupply drives domestic prices to steep discounts to import parity, and warned of a negative outlook if headwinds persist

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.