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Steel Stocks

The steel sector, a cornerstone of various industries, including construction, automotive, and manufacturing, is propelled by technology, operational efficiency, and government initiatives like the PLI scheme. India's significant reserves of iron ore and expanding infrastructure projects promise growth. Before investing, assess global and Indian market outlooks, scrutinise company-specific financials, and align with investment objectives. Angel One offers a convenient platform for investing in steel stocks like JSW Steel and Tata Steel. Consider factors like market cap, growth rate, and financial health when selecting the best steel sector stocks for your investment strategy. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 5.08

0.17 (3.46%)

Volume

91,984

Market Cap

₹11 Cr

52W Low

₹3.26

52W High

₹6.54

LTP

₹ 9.65

0.00 (0.00%)

Volume

1,397

Market Cap

₹5 Cr

52W Low

₹8.26

52W High

₹12.46

LTP

₹ 38.5

-0.10 (-0.26%)

Volume

4,000

Market Cap

₹96 Cr

52W Low

₹23.65

52W High

₹72.00

LTP

₹ 85.54

0.92 (1.09%)

Volume

64,153

Market Cap

₹957 Cr

52W Low

₹72.14

52W High

₹151.50

LTP

₹ 175.83

-2.60 (-1.46%)

Volume

1,63,205

Market Cap

₹2,308 Cr

52W Low

₹148.01

52W High

₹272.00

LTP

₹ 57.39

-0.64 (-1.10%)

Volume

8,422

Market Cap

₹75 Cr

52W Low

₹53.05

52W High

₹121.04

LTP

₹ 3.5

0.00 (0.00%)

Volume

600

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹3.50

LTP

₹ 1.88

0.01 (0.53%)

Volume

4,06,567

Market Cap

₹74 Cr

52W Low

₹1.72

52W High

₹22.60

LTP

₹ 1.9

-0.08 (-4.04%)

Volume

47,335

Market Cap

₹28 Cr

52W Low

₹1.75

52W High

₹4.99

LTP

₹ 6.35

0.00 (0.00%)

Volume

199

Market Cap

₹3 Cr

52W Low

₹4.43

52W High

₹7.52

LTP

₹ 21.75

0.33 (1.54%)

Volume

601

Market Cap

₹17 Cr

52W Low

₹18.08

52W High

₹62.65

LTP

₹ 132.35

2.65 (2.04%)

Volume

2,060

Market Cap

₹525 Cr

52W Low

₹86.90

52W High

₹208.20

LTP

₹ 121.2

-0.05 (-0.04%)

Volume

5,780

Market Cap

₹160 Cr

52W Low

₹75.06

52W High

₹163.70

LTP

₹ 358.8

-0.90 (-0.25%)

Volume

44,646

Market Cap

₹5,633 Cr

52W Low

₹323.15

52W High

₹503.95

LTP

₹ 495.3

6.20 (1.27%)

Volume

1,538

Market Cap

₹933 Cr

52W Low

₹435.00

52W High

₹774.00

LTP

₹ 168.64

-3.97 (-2.30%)

Volume

1,38,230

Market Cap

₹1,180 Cr

52W Low

₹122.23

52W High

₹292.75

LTP

₹ 14.15

0.25 (1.80%)

Volume

8,755

Market Cap

₹125 Cr

52W Low

₹10.20

52W High

₹26.77

LTP

₹ 0.6

0.00 (0.00%)

Volume

6,57,502

Market Cap

₹14 Cr

52W Low

₹0.00

52W High

₹0.65

LTP

₹ 47.4

-0.22 (-0.46%)

Volume

57,914

Market Cap

₹1,072 Cr

52W Low

₹39.36

52W High

₹77.00

LTP

₹ 56.88

-0.01 (-0.02%)

Volume

230

Market Cap

₹30 Cr

52W Low

₹50.56

52W High

₹84.65

LTP

₹ 25.45

15.55 (157.07%)

Volume

500

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹26.50

LTP

₹ 151.95

0.95 (0.63%)

Volume

36,750

Market Cap

₹364 Cr

52W Low

₹96.10

52W High

₹178.80

LTP

₹ 1,224.95

6.50 (0.53%)

Volume

8,600

Market Cap

₹1,119 Cr

52W Low

₹1,111.00

52W High

₹1,960.00

LTP

₹ 30.93

0.60 (1.98%)

Volume

12,200

Market Cap

₹14 Cr

52W Low

₹10.33

52W High

₹30.93

LTP

₹ 280.45

-19.53 (-6.51%)

Volume

1,99,679

Market Cap

₹466 Cr

52W Low

₹185.99

52W High

₹448.95

LTP

₹ 271.75

-4.95 (-1.79%)

Volume

94,824

Market Cap

₹1,915 Cr

52W Low

₹167.00

52W High

₹360.00

LTP

₹ 6.81

-0.09 (-1.30%)

Volume

30,153

Market Cap

₹75 Cr

52W Low

₹5.95

52W High

₹14.44

LTP

₹ 1.55

0.00 (0.00%)

Volume

400

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹1.55

LTP

₹ 22.11

-0.40 (-1.78%)

Volume

3,000

Market Cap

₹27 Cr

52W Low

₹22.00

52W High

₹49.50

LTP

₹ 959.25

45.65 (5.00%)

Volume

43,096

Market Cap

₹1,159 Cr

52W Low

₹673.35

52W High

₹1,455.00

LTP

₹ 46.35

0.00 (0.00%)

Volume

4,800

Market Cap

₹21 Cr

52W Low

₹44.50

52W High

₹89.25

LTP

₹ 0.27

-0.01 (-3.57%)

Volume

500

Market Cap

₹6 Cr

52W Low

₹0.00

52W High

₹0.27

LTP

₹ 712.65

11.45 (1.63%)

Volume

4,38,201

Market Cap

₹16,967 Cr

52W Low

₹292.05

52W High

₹802.25

LTP

₹ 952.5

-51.30 (-5.11%)

Volume

52,410

Market Cap

₹1,219 Cr

52W Low

₹585.50

52W High

₹1,031.80

LTP

₹ 0.45

-0.02 (-4.26%)

Volume

700

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹0.45

LTP

₹ 176.6

1.10 (0.63%)

Volume

775

Market Cap

₹95 Cr

52W Low

₹156.00

52W High

₹384.00

LTP

₹ 76.33

-1.12 (-1.45%)

Volume

61,362

Market Cap

₹405 Cr

52W Low

₹63.19

52W High

₹124.80

LTP

₹ 239.7

-0.19 (-0.08%)

Volume

18,90,784

Market Cap

₹16,056 Cr

52W Low

₹145.75

52W High

₹253.88

LTP

₹ 1,265.1

24.50 (1.97%)

Volume

3,77,818

Market Cap

₹4,117 Cr

52W Low

₹567.75

52W High

₹1,330.00

LTP

₹ 9.73

0.00 (0.00%)

Volume

320

Market Cap

₹28 Cr

52W Low

₹6.90

52W High

₹9.73

LTP

₹ 482.45

-8.90 (-1.81%)

Volume

2,43,302

Market Cap

₹1,518 Cr

52W Low

₹320.35

52W High

₹813.95

LTP

₹ 9

0.08 (0.90%)

Volume

24,783

Market Cap

₹5 Cr

52W Low

₹5.00

52W High

₹10.98

LTP

₹ 89.78

-0.08 (-0.09%)

Volume

3,36,771

Market Cap

₹1,825 Cr

52W Low

₹84.80

52W High

₹210.85

LTP

₹ 188.75

-3.27 (-1.70%)

Volume

5,052

Market Cap

₹105 Cr

52W Low

₹160.05

52W High

₹246.65

LTP

₹ 46.95

0.04 (0.09%)

Volume

1,87,995

Market Cap

₹220 Cr

52W Low

₹28.50

52W High

₹55.15

LTP

₹ 11.39

-0.23 (-1.98%)

Volume

64,70,942

Market Cap

₹463 Cr

52W Low

₹3.17

52W High

₹13.64

LTP

₹ 2,118

46.70 (2.25%)

Volume

10,063

Market Cap

₹3,430 Cr

52W Low

₹1,167.00

52W High

₹2,400.00

LTP

₹ 120.19

0.00 (0.00%)

Volume

10,17,392

Market Cap

₹3,612 Cr

52W Low

₹68.20

52W High

₹157.90

LTP

₹ 100.4

-0.78 (-0.77%)

Volume

13,76,866

Market Cap

₹9,237 Cr

52W Low

₹99.06

52W High

₹236.00

LTP

₹ 219

0.00 (0.00%)

Volume

28,500

Market Cap

₹494 Cr

52W Low

₹178.05

52W High

₹456.00

LTP

₹ 62.45

-0.17 (-0.27%)

Volume

2,24,84,974

Market Cap

₹6,077 Cr

52W Low

₹28.00

52W High

₹65.50

LTP

₹ 562.8

0.00 (0.00%)

Volume

8,30,836

Market Cap

₹13,230 Cr

52W Low

₹360.00

52W High

₹576.90

LTP

₹ 756.9

8.20 (1.10%)

Volume

3,80,944

Market Cap

₹61,672 Cr

52W Low

₹496.60

52W High

₹818.95

LTP

₹ 1,029.8

-11.75 (-1.13%)

Volume

5,96,010

Market Cap

₹1,06,237 Cr

52W Low

₹723.35

52W High

₹1,073.70

LTP

₹ 39

0.00 (0.00%)

Volume

90,78,528

Market Cap

₹1,830 Cr

52W Low

₹0.00

52W High

₹39.15

LTP

₹ 1,102.8

1.40 (0.13%)

Volume

7,05,795

Market Cap

₹2,69,403 Cr

52W Low

₹880.00

52W High

₹1,112.30

LTP

₹ 78.03

-2.24 (-2.79%)

Volume

15,21,815

Market Cap

₹3,060 Cr

52W Low

₹59.77

52W High

₹123.75

LTP

₹ 41

-3.65 (-8.17%)

Volume

12,000

Market Cap

₹58 Cr

52W Low

₹32.60

52W High

₹55.00

LTP

₹ 816.15

1.05 (0.13%)

Volume

12,858

Market Cap

₹3,555 Cr

52W Low

₹666.50

52W High

₹1,277.00

LTP

₹ 28.95

0.31 (1.08%)

Volume

4,15,109

Market Cap

₹808 Cr

52W Low

₹25.10

52W High

₹67.30

LTP

₹ 9.15

-0.14 (-1.51%)

Volume

7,10,705

Market Cap

₹291 Cr

52W Low

₹8.36

52W High

₹58.60

LTP

₹ 48

0.68 (1.44%)

Volume

28,506

Market Cap

₹135 Cr

52W Low

₹24.25

52W High

₹51.88

LTP

₹ 103.4

2.00 (1.97%)

Volume

2,400

Market Cap

₹218 Cr

52W Low

₹90.50

52W High

₹223.95

LTP

₹ 34.42

1.36 (4.11%)

Volume

2,304

Market Cap

₹117 Cr

52W Low

₹29.20

52W High

₹56.00

LTP

₹ 452.2

0.00 (0.00%)

Volume

2,20,635

Market Cap

₹8,997 Cr

52W Low

₹0.00

52W High

₹477.95

LTP

₹ 217

-1.30 (-0.60%)

Volume

2,000

Market Cap

₹310 Cr

52W Low

₹196.05

52W High

₹430.00

LTP

₹ 9.24

-0.07 (-0.75%)

Volume

99,531

Market Cap

₹248 Cr

52W Low

₹7.49

52W High

₹22.98

LTP

₹ 8.04

-0.42 (-4.96%)

Volume

24,598

Market Cap

₹4 Cr

52W Low

₹7.59

52W High

₹15.84

LTP

₹ 393.15

-8.70 (-2.16%)

Volume

9,196

Market Cap

₹660 Cr

52W Low

₹179.53

52W High

₹404.80

LTP

₹ 76

-3.00 (-3.80%)

Volume

8,000

Market Cap

₹112 Cr

52W Low

₹50.55

52W High

₹96.00

LTP

₹ 414.3

-3.75 (-0.90%)

Volume

1,62,096

Market Cap

₹2,816 Cr

52W Low

₹201.55

52W High

₹468.00

LTP

₹ 150.77

-0.49 (-0.32%)

Volume

87,870

Market Cap

₹1,510 Cr

52W Low

₹56.70

52W High

₹171.95

LTP

₹ 59.4

-0.06 (-0.10%)

Volume

6,356

Market Cap

₹400 Cr

52W Low

₹43.05

52W High

₹77.14

LTP

₹ 58.2

0.00 (0.00%)

Volume

19,200

Market Cap

₹144 Cr

52W Low

₹26.25

52W High

₹80.20

LTP

₹ 192

6.00 (3.23%)

Volume

26,400

Market Cap

₹552 Cr

52W Low

₹129.35

52W High

₹196.60

LTP

₹ 1.83

-0.09 (-4.69%)

Volume

50,950

Market Cap

₹11 Cr

52W Low

₹0.00

52W High

₹2.00

LTP

₹ 70.33

-1.68 (-2.33%)

Volume

449

Market Cap

₹53 Cr

52W Low

₹63.50

52W High

₹101.00

LTP

₹ 9.58

-0.50 (-4.96%)

Volume

1,824

Market Cap

₹132 Cr

52W Low

₹0.00

52W High

₹9.58

LTP

₹ 17.61

0.22 (1.27%)

Volume

10,027

Market Cap

₹24 Cr

52W Low

₹13.21

52W High

₹36.20

LTP

₹ 32.45

0.38 (1.18%)

Volume

8,61,875

Market Cap

₹1,815 Cr

52W Low

₹21.60

52W High

₹64.52

LTP

₹ 132.12

-4.13 (-3.03%)

Volume

1,83,974

Market Cap

₹1,960 Cr

52W Low

₹84.40

52W High

₹177.30

LTP

₹ 16.5

-0.28 (-1.67%)

Volume

1,067

Market Cap

₹20 Cr

52W Low

₹14.60

52W High

₹23.46

LTP

₹ 49

-1.00 (-2.00%)

Volume

853

Market Cap

₹27 Cr

52W Low

₹47.50

52W High

₹81.31

LTP

₹ 3.95

0.00 (0.00%)

Volume

13,918

Market Cap

₹0 Cr

52W Low

₹2.90

52W High

₹5.10

LTP

₹ 32.5

-0.50 (-1.52%)

Volume

4,800

Market Cap

₹57 Cr

52W Low

₹23.35

52W High

₹90.00

LTP

₹ 43.38

0.03 (0.07%)

Volume

42,62,109

Market Cap

₹12,692 Cr

52W Low

₹32.13

52W High

₹55.21

LTP

₹ 14.9

0.27 (1.85%)

Volume

9,567

Market Cap

₹53 Cr

52W Low

₹11.19

52W High

₹27.50

LTP

₹ 1.85

0.00 (0.00%)

Volume

26,878

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.90

LTP

₹ 84

0.99 (1.19%)

Volume

15,534

Market Cap

₹432 Cr

52W Low

₹44.35

52W High

₹100.66

LTP

₹ 219.4

-11.50 (-4.98%)

Volume

10

Market Cap

₹654 Cr

52W Low

₹0.00

52W High

₹219.40

LTP

₹ 150

1.00 (0.67%)

Volume

51,000

Market Cap

₹112 Cr

52W Low

₹122.85

52W High

₹165.00

LTP

₹ 269.95

-1.55 (-0.57%)

Volume

360

Market Cap

₹518 Cr

52W Low

₹135.00

52W High

₹332.00

LTP

₹ 1

0.00 (0.00%)

Volume

0

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.00

LTP

₹ 244.5

-8.42 (-3.33%)

Volume

3,95,377

Market Cap

₹3,402 Cr

52W Low

₹135.65

52W High

₹269.20

LTP

₹ 159.75

-0.66 (-0.41%)

Volume

3,32,064

Market Cap

₹2,873 Cr

52W Low

₹132.51

52W High

₹224.89

LTP

₹ 5.66

0.03 (0.53%)

Volume

1,07,754

Market Cap

₹99 Cr

52W Low

₹5.35

52W High

₹10.18

LTP

₹ 2.68

0.12 (4.69%)

Volume

801

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹2.68

LTP

₹ 0.5

0.00 (0.00%)

Volume

10,213

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹0.50

LTP

₹ 67.2

3.20 (5.00%)

Volume

3,000

Market Cap

₹18 Cr

52W Low

₹60.55

52W High

₹116.00

LTP

₹ 42

-1.00 (-2.33%)

Volume

11,175

Market Cap

₹194 Cr

52W Low

₹3.06

52W High

₹57.95

LTP

₹ 326

-2.50 (-0.76%)

Volume

33,191

Market Cap

₹1,669 Cr

52W Low

₹260.00

52W High

₹618.00

LTP

₹ 10.29

0.01 (0.10%)

Volume

20,88,686

Market Cap

₹1,602 Cr

52W Low

₹8.50

52W High

₹17.55

LTP

₹ 1.3

0.00 (0.00%)

Volume

1,025

Market Cap

₹5 Cr

52W Low

₹0.00

52W High

₹1.30

LTP

₹ 12.5

0.00 (0.00%)

Volume

0

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹12.50

LTP

₹ 29.97

0.12 (0.40%)

Volume

477

Market Cap

₹49 Cr

52W Low

₹26.90

52W High

₹59.79

LTP

₹ 24.9

0.16 (0.65%)

Volume

3,37,717

Market Cap

₹214 Cr

52W Low

₹24.26

52W High

₹71.45

LTP

₹ 148

-3.27 (-2.16%)

Volume

2,51,439

Market Cap

₹801 Cr

52W Low

₹115.99

52W High

₹273.97

LTP

₹ 172.75

4.95 (2.95%)

Volume

3,390

Market Cap

₹184 Cr

52W Low

₹69.00

52W High

₹182.00

LTP

₹ 19.23

0.04 (0.21%)

Volume

4,73,393

Market Cap

₹1,529 Cr

52W Low

₹12.15

52W High

₹24.61

LTP

₹ 84

0.00 (0.00%)

Volume

1,500

Market Cap

₹70 Cr

52W Low

₹75.05

52W High

₹168.30

LTP

₹ 35.8

0.10 (0.28%)

Volume

1,193

Market Cap

₹20 Cr

52W Low

₹32.00

52W High

₹64.99

LTP

₹ 31.13

0.42 (1.37%)

Volume

70,010

Market Cap

₹308 Cr

52W Low

₹26.00

52W High

₹54.90

LTP

₹ 29.26

2.66 (10.00%)

Volume

16,18,343

Market Cap

₹226 Cr

52W Low

₹14.37

52W High

₹31.18

LTP

₹ 200

0.20 (0.10%)

Volume

47,000

Market Cap

₹931 Cr

52W Low

₹151.00

52W High

₹249.25

LTP

₹ 9.95

0.58 (6.19%)

Volume

10,08,53,972

Market Cap

₹1,618 Cr

52W Low

₹6.91

52W High

₹23.28

LTP

₹ 121.79

-2.65 (-2.13%)

Volume

7,77,922

Market Cap

₹3,663 Cr

52W Low

₹96.25

52W High

₹149.40

LTP

₹ 579.4

3.30 (0.57%)

Volume

4,96,274

Market Cap

₹20,302 Cr

52W Low

₹348.85

52W High

₹619.00

LTP

₹ 105.5

0.70 (0.67%)

Volume

2,970

Market Cap

₹144 Cr

52W Low

₹97.50

52W High

₹210.50

LTP

₹ 2.45

0.00 (0.00%)

Volume

4,68,265

Market Cap

₹12 Cr

52W Low

₹0.00

52W High

₹2.55

LTP

₹ 34

-0.51 (-1.48%)

Volume

21,507

Market Cap

₹202 Cr

52W Low

₹30.00

52W High

₹74.05

LTP

₹ 177.87

-2.45 (-1.36%)

Volume

78,195

Market Cap

₹1,081 Cr

52W Low

₹135.10

52W High

₹230.85

LTP

₹ 75.69

6.88 (10.00%)

Volume

6,71,575

Market Cap

₹137 Cr

52W Low

₹43.30

52W High

₹112.99

LTP

₹ 3.75

-0.11 (-2.85%)

Volume

2,38,562

Market Cap

₹226 Cr

52W Low

₹2.80

52W High

₹5.64

LTP

₹ 266.2

-13.15 (-4.71%)

Volume

2,166

Market Cap

₹142 Cr

52W Low

₹235.00

52W High

₹498.95

LTP

₹ 28.17

0.17 (0.61%)

Volume

405

Market Cap

₹9 Cr

52W Low

₹26.01

52W High

₹45.84

LTP

₹ 202.85

-2.00 (-0.98%)

Volume

1,624

Market Cap

₹184 Cr

52W Low

₹133.15

52W High

₹257.00

LTP

₹ 73.5

0.65 (0.89%)

Volume

6,000

Market Cap

₹140 Cr

52W Low

₹54.05

52W High

₹84.00

LTP

₹ 930.95

-14.40 (-1.52%)

Volume

1,10,078

Market Cap

₹26,377 Cr

52W Low

₹628.25

52W High

₹1,001.00

LTP

₹ 200.8

0.00 (0.00%)

Volume

1,14,982

Market Cap

₹939 Cr

52W Low

₹0.00

52W High

₹205.30

LTP

₹ 129.26

-2.19 (-1.67%)

Volume

56,33,612

Market Cap

₹54,275 Cr

52W Low

₹99.15

52W High

₹144.20

LTP

₹ 9.43

0.22 (2.39%)

Volume

19,58,538

Market Cap

₹1,128 Cr

52W Low

₹7.06

52W High

₹13.90

LTP

₹ 1.76

0.08 (4.76%)

Volume

500

Market Cap

₹7 Cr

52W Low

₹0.00

52W High

₹1.76

LTP

₹ 4

0.00 (0.00%)

Volume

3,900

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹4.00

LTP

₹ 263.8

-0.65 (-0.25%)

Volume

98,658

Market Cap

₹4,776 Cr

52W Low

₹188.15

52W High

₹322.00

LTP

₹ 391.95

17.10 (4.56%)

Volume

300

Market Cap

₹452 Cr

52W Low

₹233.05

52W High

₹438.00

LTP

₹ 1.02

0.00 (0.00%)

Volume

85,704

Market Cap

₹25 Cr

52W Low

₹1.02

52W High

₹3.93

LTP

₹ 304

-8.75 (-2.80%)

Volume

14,684

Market Cap

₹574 Cr

52W Low

₹297.25

52W High

₹530.40

LTP

₹ 296.5

-5.15 (-1.71%)

Volume

283

Market Cap

₹344 Cr

52W Low

₹258.00

52W High

₹625.00

LTP

₹ 88

5.90 (7.19%)

Volume

2,400

Market Cap

₹127 Cr

52W Low

₹75.10

52W High

₹319.00

LTP

₹ 33

-1.25 (-3.65%)

Volume

24,000

Market Cap

₹80 Cr

52W Low

₹30.30

52W High

₹71.05

LTP

₹ 19

-0.26 (-1.35%)

Volume

400

Market Cap

₹10 Cr

52W Low

₹12.31

52W High

₹23.43

LTP

₹ 1,110.55

0.00 (0.00%)

Volume

2,57,937

Market Cap

₹3,508 Cr

52W Low

₹721.00

52W High

₹1,128.80

LTP

₹ 85.35

0.00 (0.00%)

Volume

37,62,138

Market Cap

₹9,354 Cr

52W Low

₹0.00

52W High

₹89.05

LTP

₹ 829.95

0.00 (0.00%)

Volume

97,913

Market Cap

₹3,741 Cr

52W Low

₹556.00

52W High

₹856.45

LTP

₹ 168.83

0.01 (0.01%)

Volume

89,98,606

Market Cap

₹2,10,784 Cr

52W Low

₹122.62

52W High

₹172.50

LTP

₹ 233.3

0.00 (0.00%)

Volume

28,55,608

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹238.05

LTP

₹ 2,465.9

9.70 (0.39%)

Volume

9,320

Market Cap

₹5,634 Cr

52W Low

₹2,050.00

52W High

₹3,634.00

LTP

₹ 33.2

-0.68 (-2.01%)

Volume

4,068

Market Cap

₹56 Cr

52W Low

₹29.75

52W High

₹97.95

LTP

₹ 29.35

-0.59 (-1.97%)

Volume

49

Market Cap

₹39 Cr

52W Low

₹8.10

52W High

₹39.60

LTP

₹ 21.28

-0.69 (-3.14%)

Volume

6,98,672

Market Cap

₹65 Cr

52W Low

₹20.50

52W High

₹32.97

LTP

₹ 386.25

3.75 (0.98%)

Volume

4,63,802

Market Cap

₹11,672 Cr

52W Low

₹278.55

52W High

₹451.00

LTP

₹ 10.43

0.00 (0.00%)

Volume

623

Market Cap

₹5 Cr

52W Low

₹6.02

52W High

₹11.78

LTP

₹ 268.9

2.15 (0.81%)

Volume

27,631

Market Cap

₹2,555 Cr

52W Low

₹178.00

52W High

₹322.00

LTP

₹ 58.5

-0.36 (-0.61%)

Volume

27,638

Market Cap

₹187 Cr

52W Low

₹33.30

52W High

₹73.88

LTP

₹ 1,356

4.40 (0.33%)

Volume

27,299

Market Cap

₹2,773 Cr

52W Low

₹1,005.30

52W High

₹2,382.00

LTP

₹ 160.3

-1.57 (-0.97%)

Volume

10,398

Market Cap

₹307 Cr

52W Low

₹125.00

52W High

₹286.65

LTP

₹ 583.05

27.75 (5.00%)

Volume

81,000

Market Cap

₹1,359 Cr

52W Low

₹291.00

52W High

₹673.70

LTP

₹ 152.49

0.50 (0.33%)

Volume

12,814

Market Cap

₹502 Cr

52W Low

₹135.00

52W High

₹296.70

LTP

₹ 32.6

0.45 (1.40%)

Volume

3,74,030

Market Cap

₹2,130 Cr

52W Low

₹25.60

52W High

₹55.52

LTP

₹ 0.48

0.02 (4.35%)

Volume

2,500

Market Cap

₹0 Cr

52W Low

₹0.46

52W High

₹0.48

LTP

₹ 7.55

-0.11 (-1.44%)

Volume

57,695

Market Cap

₹109 Cr

52W Low

₹5.65

52W High

₹12.50

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About the Steel Sector

Steel, an alloy of iron, boasts remarkable strength and use cases across sectors, from skyscrapers to scalpels. It is iron, infused with a dash of carbon (though less than 2%). Tiny amounts of other elements like chromium can grant it further powers, like resisting rust or becoming super strong. The raw materials that are used in steelmaking include iron ore, metallurgical coal, and scrap steel. Integrated steelmaking is a 2 step process involving:

  1. Blast Furnace (BF)
  2. Basic Oxygen Furnace (BOF)

Blast furnace (BF) uses inputs such as coke, iron ore, sinter, and limestone to produce pig iron. Basic oxygen furnace (BOF), on the other hand, involves further purification of pig iron to produce molten steel or crude steel.

Steel can be used in a variety of sectors such as automobiles, defence, construction, home appliances, machinery, furniture, ship-building, etc. Key drivers of the steel industry are technology, manufacturing method, operational integration, and operating efficiency. The steel industry is quite capital-intensive and has a fairly high fixed-cost base. A steel-maker can control cost by maximising capacity utilisation.

India is the world’s second-largest producer of crude steel. It produced an 125.32 MT of crude steel and 121.29 MT of finished steel in FY23. In October 2021, the Union government announced guidelines for the Production-linked Incentive Scheme (PLI) for speciality steel production. Under the Union Budget 2023-24, the government allocated ₹70.15 crore to the Ministry of Steel.

Future Outlook of the Steel Sector

In a country like India, where the government is going through an expansion phase in infrastructure and defence spending, steel is a vital resource. India’s finished steel consumption is expected to increase to 230 MT by 2030-31 from 119.17 MT in FY23, i.e. at a CAGR of 14.09%. Simultaneously, India’s steel production is estimated to grow 4-7% to 123-127 MT in FY24. India is home to fifth-highest reserves of iron ore in the world. Easy availability of cheap manpower and availability of abundant iron ore reserves make India competitive in the global steel market.

Things To Consider Before Investing in the Steel Sector

  1. Global and Indian steel market outlook: Delve into industry reports and expert projections to understand anticipated growth rates. Focus on companies operating in downstream sectors poised for significant expansion. Remember, external factors like fluctuating raw material costs such as iron ore, can influence profitability.
  2. Company-specific financials: Scrutinise the financial health of potential investments. Analyse profitability, cash flow management, and capital efficiency to gauge their operational robustness.
  3. Mapping the Indian steel market: Identify the major players and their respective market shares.
  4. Investment horizon and objectives: Are you seeking short-term gains or long-term capital appreciation? Choose companies that align with your timeframe. For long-term growth, prioritise businesses with established market positions and robust long-term expansion plans.

How To Invest in Steel Stocks?

Investing in Steel stocks via Angel One is easy. Simply follow these steps:

  1. Log in to your Angel One account.
  2. Click on the search icon and look for your desired Steel stock.
  3. Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  4. To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are Steel sector stocks?

Steel sector stocks represent companies involved in the manufacturing and distribution of steel used across various industries.

What are the top stocks from the Steel sector in terms of market cap?

JSW Steel, Tata Steel, Jindal Steel, SAIL, etc. are some of the biggest Steel sector companies in India with publicly traded stocks.

How to evaluate Steel sector stocks?

You may assess stocks based on financial health through metrics like profitability, debt-to-equity ratio, and operational efficiency. You can also use industrial sector KPIs like throughput, on-time project delivery, capacity utilisation, etc. to assess Steel sector stocks.

Why should you invest in Steel stocks?

The Steel industry in India is set to grow at a CAGR of 14.09%. Hence, you may consider investing in the stocks of a growing sector.

Which are the best Steel sector stocks to invest in?

With a 5 year CAGR of nearly 130% as of February 2, 2024, Jai Balaji Industries is the best steel sector company. As such the top steel sector stock can be selected based on various factors like cash richness, market size, growth rate, etc. Do your own research before deciding which stock is the best for your investment strategy.

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