Steel Stocks Rally for Second Day as SAIL, JSL Hit 52-Week Highs

Steel stocks extended their rally for the second consecutive session on December 31, 2025. Shares of major steel companies gained up to 5% during intraday trade as positive policy news lifted investor confidence.

Stocks such as Jindal Stainless (JSL), Tata Steel, JSW Steel, Jindal Steel, and SAIL were among the top gainers. Over the past 2 trading days, these stocks have risen between 5% and 10%.

JSL and SAIL Touch Fresh 52-Week Highs

Jindal Stainless climbed around 4% to ₹866.90, marking a fresh 52-week high. The stock has gained nearly 9% in just two sessions.

Steel Authority of India Ltd (SAIL) also touched a new 52-week high of ₹147, crossing its previous peak. The PSU stock has jumped nearly 10% over the last 2 days.

Key Reason Behind the Rally

The rally is mainly driven by reports that the government has notified anti-dumping or safeguard duty on flat steel imports for a period of 3 years (FY26–FY28). This move is expected to protect domestic steel producers from cheap imports and help maintain stable steel prices in India.

Current prices stand near ₹49,800 per tonne for HRC and ₹56,400 per tonne for CRC.

Steel companies are also planning further price hikes in January 2026, supported by higher raw material costs and improving domestic demand.

Read more: Zepto IPO: Rising Cash Burn Fuels Bubble Fears in India’s Costly Quick-Commerce Race.

Outlook on Demand and Margins

SAIL management expects demand to improve in the coming months, which may ease pricing pressure. With coal prices largely stable, companies expect margins to strengthen gradually.

Conclusion

Steel stocks rallied for the second straight day as policy support and price hikes improved sentiment. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.