Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
LTP
-0.08 (-1.57%)
Volume
6,568
Market Cap
₹11 Cr
52W Low
₹4.63
52W High
₹8.80
LTP
-0.04 (-0.43%)
Volume
227
Market Cap
₹5 Cr
52W Low
₹8.60
52W High
₹12.75
LTP
2.80 (6.83%)
Volume
10,000
Market Cap
₹102 Cr
52W Low
₹39.55
52W High
₹72.00
LTP
-7.23 (-3.25%)
Volume
13,91,043
Market Cap
₹2,873 Cr
52W Low
₹115.00
52W High
₹272.00
LTP
1.28 (1.62%)
Volume
18,369
Market Cap
₹102 Cr
52W Low
₹76.50
52W High
₹167.35
LTP
0.00 (0.00%)
Volume
600
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹3.50
LTP
0.27 (4.87%)
Volume
76,536
Market Cap
₹219 Cr
52W Low
₹4.99
52W High
₹34.33
LTP
0.06 (2.23%)
Volume
41,768
Market Cap
₹38 Cr
52W Low
₹2.46
52W High
₹5.39
LTP
34.55 (2.58%)
Volume
4,69,523
Market Cap
₹37,251 Cr
52W Low
₹1,305.00
52W High
₹1,728.95
LTP
0.26 (4.57%)
Volume
628
Market Cap
₹3 Cr
52W Low
₹4.72
52W High
₹7.15
LTP
-0.41 (-1.10%)
Volume
309
Market Cap
₹30 Cr
52W Low
₹32.01
52W High
₹62.65
LTP
-5.50 (-5.00%)
Volume
5,083
Market Cap
₹333 Cr
52W Low
₹86.90
52W High
₹212.75
LTP
1.02 (1.03%)
Volume
3,733
Market Cap
₹130 Cr
52W Low
₹67.77
52W High
₹163.70
LTP
-2.85 (-0.79%)
Volume
82,772
Market Cap
₹5,685 Cr
52W Low
₹325.10
52W High
₹503.95
LTP
-17.74 (-9.13%)
Volume
56,510
Market Cap
₹623 Cr
52W Low
₹157.15
52W High
₹296.00
LTP
1.60 (0.27%)
Volume
1,626
Market Cap
₹1,112 Cr
52W Low
₹535.30
52W High
₹845.00
LTP
3.91 (2.34%)
Volume
81,809
Market Cap
₹1,141 Cr
52W Low
₹155.40
52W High
₹346.00
LTP
0.46 (3.29%)
Volume
7,605
Market Cap
₹126 Cr
52W Low
₹12.50
52W High
₹26.77
LTP
0.00 (0.00%)
Volume
6,57,502
Market Cap
₹14 Cr
52W Low
₹0.00
52W High
₹0.65
LTP
-0.10 (-0.20%)
Volume
1,01,771
Market Cap
₹1,135 Cr
52W Low
₹46.00
52W High
₹79.05
LTP
-1.64 (-2.67%)
Volume
126
Market Cap
₹33 Cr
52W Low
₹40.00
52W High
₹93.99
LTP
15.55 (157.07%)
Volume
500
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹26.50
LTP
2.00 (1.49%)
Volume
22,500
Market Cap
₹323 Cr
52W Low
₹64.00
52W High
₹146.00
LTP
-32.80 (-1.98%)
Volume
7,400
Market Cap
₹1,359 Cr
52W Low
₹745.00
52W High
₹2,210.00
LTP
0.49 (4.98%)
Volume
300
Market Cap
₹5 Cr
52W Low
₹9.38
52W High
₹10.33
LTP
-6.85 (-2.51%)
Volume
9,370
Market Cap
₹423 Cr
52W Low
₹259.65
52W High
₹567.60
LTP
3.95 (1.54%)
Volume
67,820
Market Cap
₹1,767 Cr
52W Low
₹225.60
52W High
₹400.00
LTP
-0.18 (-1.99%)
Volume
1,15,782
Market Cap
₹98 Cr
52W Low
₹8.70
52W High
₹27.05
LTP
0.00 (0.00%)
Volume
400
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹1.55
LTP
-1.15 (-3.12%)
Volume
12,000
Market Cap
₹45 Cr
52W Low
₹33.10
52W High
₹57.80
LTP
2.10 (0.27%)
Volume
30,254
Market Cap
₹991 Cr
52W Low
₹408.55
52W High
₹1,455.00
LTP
7.60 (13.84%)
Volume
20,800
Market Cap
₹25 Cr
52W Low
₹50.00
52W High
₹89.25
LTP
-0.01 (-3.57%)
Volume
500
Market Cap
₹6 Cr
52W Low
₹0.00
52W High
₹0.27
LTP
-3.85 (-1.21%)
Volume
26,388
Market Cap
₹7,749 Cr
52W Low
₹177.80
52W High
₹401.45
LTP
-26.85 (-3.98%)
Volume
20,272
Market Cap
₹819 Cr
52W Low
₹625.00
52W High
₹929.00
LTP
-0.02 (-4.26%)
Volume
700
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹0.45
LTP
1.15 (0.47%)
Volume
736
Market Cap
₹132 Cr
52W Low
₹204.20
52W High
₹441.20
LTP
0.08 (0.10%)
Volume
43,778
Market Cap
₹408 Cr
52W Low
₹73.90
52W High
₹147.80
LTP
-2.36 (-1.34%)
Volume
38,88,708
Market Cap
₹11,751 Cr
52W Low
₹131.60
52W High
₹253.40
LTP
-4.35 (-0.58%)
Volume
61,662
Market Cap
₹2,441 Cr
52W Low
₹693.00
52W High
₹1,330.00
LTP
0.00 (0.00%)
Volume
9,610
Market Cap
₹29 Cr
52W Low
₹6.90
52W High
₹9.50
LTP
-1.20 (-0.31%)
Volume
92,207
Market Cap
₹1,203 Cr
52W Low
₹376.00
52W High
₹888.75
LTP
-0.33 (-4.80%)
Volume
377
Market Cap
₹4 Cr
52W Low
₹5.70
52W High
₹10.98
LTP
1.09 (0.95%)
Volume
10,23,510
Market Cap
₹2,340 Cr
52W Low
₹102.80
52W High
₹210.85
LTP
3.51 (1.84%)
Volume
6,382
Market Cap
₹100 Cr
52W Low
₹159.00
52W High
₹246.65
LTP
0.16 (0.45%)
Volume
13,518
Market Cap
₹164 Cr
52W Low
₹34.20
52W High
₹63.62
LTP
0.26 (6.09%)
Volume
1,23,184
Market Cap
₹170 Cr
52W Low
₹2.61
52W High
₹8.74
LTP
-9.65 (-0.66%)
Volume
2,02,099
Market Cap
₹2,439 Cr
52W Low
₹1,110.15
52W High
₹1,923.75
LTP
0.00 (0.00%)
Volume
10,17,392
Market Cap
₹3,612 Cr
52W Low
₹68.20
52W High
₹157.90
LTP
8.92 (6.43%)
Volume
31,68,659
Market Cap
₹12,681 Cr
52W Low
₹127.00
52W High
₹262.80
LTP
12.35 (4.79%)
Volume
43,000
Market Cap
₹582 Cr
52W Low
₹225.00
52W High
₹456.00
LTP
-0.06 (-0.17%)
Volume
74,089
Market Cap
₹3,484 Cr
52W Low
₹34.40
52W High
₹65.30
LTP
9.05 (3.85%)
Volume
18,00,548
Market Cap
₹15,057 Cr
52W Low
₹189.98
52W High
₹383.85
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
5.60 (0.93%)
Volume
5,74,122
Market Cap
₹49,682 Cr
52W Low
₹527.10
52W High
₹848.00
LTP
11.15 (1.34%)
Volume
15,84,021
Market Cap
₹84,632 Cr
52W Low
₹708.70
52W High
₹1,097.00
LTP
0.00 (0.00%)
Volume
90,78,528
Market Cap
₹1,830 Cr
52W Low
₹0.00
52W High
₹39.15
LTP
13.65 (1.43%)
Volume
13,84,818
Market Cap
₹2,33,957 Cr
52W Low
₹761.75
52W High
₹1,063.00
LTP
1.30 (1.42%)
Volume
15,78,006
Market Cap
₹3,496 Cr
52W Low
₹83.45
52W High
₹139.00
LTP
0.65 (1.70%)
Volume
2,000
Market Cap
₹50 Cr
52W Low
₹32.60
52W High
₹52.20
LTP
5.20 (0.66%)
Volume
45,135
Market Cap
₹3,454 Cr
52W Low
₹651.00
52W High
₹1,277.00
LTP
0.26 (0.69%)
Volume
4,01,916
Market Cap
₹1,049 Cr
52W Low
₹35.35
52W High
₹67.30
LTP
2.54 (9.98%)
Volume
11,297
Market Cap
₹72 Cr
52W Low
₹24.25
52W High
₹51.00
LTP
-0.35 (-0.29%)
Volume
2,400
Market Cap
₹262 Cr
52W Low
₹116.55
52W High
₹247.00
LTP
-1.76 (-4.37%)
Volume
7,301
Market Cap
₹143 Cr
52W Low
₹37.00
52W High
₹57.75
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹8,232 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
-2.60 (-1.17%)
Volume
47,000
Market Cap
₹315 Cr
52W Low
₹191.00
52W High
₹430.00
LTP
-0.10 (-1.08%)
Volume
1,89,807
Market Cap
₹246 Cr
52W Low
₹9.00
52W High
₹24.50
LTP
0.01 (0.07%)
Volume
16
Market Cap
₹8 Cr
52W Low
₹8.31
52W High
₹15.40
LTP
-3.77 (-1.61%)
Volume
20,077
Market Cap
₹383 Cr
52W Low
₹93.20
52W High
₹233.80
LTP
-3.90 (-0.63%)
Volume
2,22,791
Market Cap
₹8,293 Cr
52W Low
₹566.50
52W High
₹992.05
LTP
2.49 (4.15%)
Volume
12,000
Market Cap
₹85 Cr
52W Low
₹55.70
52W High
₹118.00
LTP
8.65 (3.24%)
Volume
3,23,726
Market Cap
₹1,724 Cr
52W Low
₹251.10
52W High
₹513.70
LTP
-1.85 (-1.90%)
Volume
33,412
Market Cap
₹704 Cr
52W Low
₹28.50
52W High
₹118.99
LTP
1.41 (2.60%)
Volume
50,790
Market Cap
₹352 Cr
52W Low
₹50.00
52W High
₹88.30
LTP
-0.80 (-2.42%)
Volume
24,000
Market Cap
₹82 Cr
52W Low
₹32.30
52W High
₹52.10
LTP
-5.60 (-3.76%)
Volume
3,600
Market Cap
₹365 Cr
52W Low
₹116.15
52W High
₹184.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
-0.50 (-0.70%)
Volume
1,616
Market Cap
₹52 Cr
52W Low
₹64.61
52W High
₹104.00
LTP
-0.50 (-4.96%)
Volume
1,824
Market Cap
₹132 Cr
52W Low
₹0.00
52W High
₹9.58
LTP
1.41 (9.35%)
Volume
5,138
Market Cap
₹21 Cr
52W Low
₹14.26
52W High
₹36.20
LTP
-0.59 (-1.93%)
Volume
4,46,546
Market Cap
₹1,497 Cr
52W Low
₹22.45
52W High
₹64.52
LTP
1.76 (1.69%)
Volume
1,21,530
Market Cap
₹1,507 Cr
52W Low
₹100.50
52W High
₹192.95
LTP
0.58 (3.35%)
Volume
997
Market Cap
₹20 Cr
52W Low
₹11.44
52W High
₹25.98
LTP
3.45 (5.66%)
Volume
12
Market Cap
₹34 Cr
52W Low
₹55.00
52W High
₹90.45
LTP
0.00 (0.00%)
Volume
13,918
Market Cap
₹0 Cr
52W Low
₹2.90
52W High
₹5.10
LTP
-0.85 (-2.00%)
Volume
9,600
Market Cap
₹74 Cr
52W Low
₹41.15
52W High
₹90.00
LTP
0.04 (0.11%)
Volume
23,75,674
Market Cap
₹11,139 Cr
52W Low
₹36.91
52W High
₹69.50
LTP
-0.51 (-3.21%)
Volume
1,304
Market Cap
₹57 Cr
52W Low
₹14.20
52W High
₹34.90
LTP
0.00 (0.00%)
Volume
26,878
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.90
LTP
-3.96 (-5.00%)
Volume
1,23,874
Market Cap
₹353 Cr
52W Low
₹26.80
52W High
₹100.66
LTP
-11.50 (-4.98%)
Volume
10
Market Cap
₹654 Cr
52W Low
₹0.00
52W High
₹219.40
LTP
6.00 (2.40%)
Volume
42
Market Cap
₹477 Cr
52W Low
₹137.30
52W High
₹332.00
LTP
0.00 (0.00%)
Volume
0
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.00
LTP
1.89 (1.27%)
Volume
3,77,214
Market Cap
₹2,017 Cr
52W Low
₹106.40
52W High
₹227.70
LTP
0.07 (0.05%)
Volume
4,25,827
Market Cap
₹2,508 Cr
52W Low
₹128.15
52W High
₹237.00
LTP
-0.04 (-0.55%)
Volume
2,71,078
Market Cap
₹127 Cr
52W Low
₹6.50
52W High
₹11.11
LTP
0.12 (4.69%)
Volume
801
Market Cap
₹2 Cr
52W Low
₹0.00
52W High
₹2.68
LTP
0.00 (0.00%)
Volume
10,213
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹0.50
LTP
0.00 (0.00%)
Volume
2,000
Market Cap
₹24 Cr
52W Low
₹82.50
52W High
₹152.90
LTP
2.70 (1.99%)
Volume
4,508
Market Cap
₹61 Cr
52W Low
₹26.00
52W High
₹138.50
LTP
0.80 (0.20%)
Volume
16,080
Market Cap
₹2,062 Cr
52W Low
₹389.95
52W High
₹694.20
LTP
0.02 (0.18%)
Volume
72,25,913
Market Cap
₹1,730 Cr
52W Low
₹9.90
52W High
₹17.55
LTP
0.00 (0.00%)
Volume
1,025
Market Cap
₹5 Cr
52W Low
₹0.00
52W High
₹1.30
LTP
0.00 (0.00%)
Volume
0
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹12.50
LTP
0.23 (0.56%)
Volume
4,234
Market Cap
₹67 Cr
52W Low
₹31.95
52W High
₹59.79
LTP
0.67 (1.96%)
Volume
4,74,418
Market Cap
₹290 Cr
52W Low
₹31.50
52W High
₹97.81
LTP
12.60 (0.49%)
Volume
19,449
Market Cap
₹17,838 Cr
52W Low
₹2,467.25
52W High
₹3,978.50
LTP
-0.46 (-0.30%)
Volume
97,890
Market Cap
₹810 Cr
52W Low
₹107.10
52W High
₹273.97
LTP
3.80 (4.55%)
Volume
4,104
Market Cap
₹92 Cr
52W Low
₹61.01
52W High
₹130.01
LTP
-0.96 (-4.97%)
Volume
3,44,358
Market Cap
₹1,540 Cr
52W Low
₹7.62
52W High
₹24.61
LTP
-2.50 (-1.94%)
Volume
22,500
Market Cap
₹107 Cr
52W Low
₹35.50
52W High
₹155.65
LTP
1.74 (3.64%)
Volume
384
Market Cap
₹26 Cr
52W Low
₹23.47
52W High
₹54.94
LTP
0.03 (0.08%)
Volume
20,492
Market Cap
₹371 Cr
52W Low
₹33.58
52W High
₹75.00
LTP
-0.65 (-2.93%)
Volume
2,32,702
Market Cap
₹190 Cr
52W Low
₹17.15
52W High
₹31.18
LTP
-0.03 (-0.27%)
Volume
28,60,504
Market Cap
₹1,899 Cr
52W Low
₹10.57
52W High
₹27.75
LTP
19.45 (4.40%)
Volume
6,47,815
Market Cap
₹15,568 Cr
52W Low
₹180.25
52W High
₹525.00
LTP
-3.43 (-2.31%)
Volume
9,667
Market Cap
₹201 Cr
52W Low
₹143.67
52W High
₹301.80
LTP
0.94 (0.92%)
Volume
1,44,583
Market Cap
₹1,159 Cr
52W Low
₹83.40
52W High
₹151.50
LTP
0.00 (0.00%)
Volume
4,68,265
Market Cap
₹12 Cr
52W Low
₹0.00
52W High
₹2.55
LTP
0.19 (0.49%)
Volume
18,553
Market Cap
₹227 Cr
52W Low
₹37.64
52W High
₹94.90
LTP
-2.65 (-4.05%)
Volume
50,894
Market Cap
₹136 Cr
52W Low
₹51.95
52W High
₹112.99
LTP
-0.09 (-2.32%)
Volume
6,64,756
Market Cap
₹226 Cr
52W Low
₹2.90
52W High
₹7.37
LTP
7.40 (2.62%)
Volume
222
Market Cap
₹144 Cr
52W Low
₹254.90
52W High
₹752.20
LTP
0.70 (1.91%)
Volume
1,219
Market Cap
₹12 Cr
52W Low
₹32.60
52W High
₹50.80
LTP
-0.75 (-0.41%)
Volume
1,519
Market Cap
₹165 Cr
52W Low
₹180.00
52W High
₹314.80
LTP
10.00 (1.37%)
Volume
1,11,574
Market Cap
₹20,367 Cr
52W Low
₹511.20
52W High
₹956.90
LTP
0.00 (0.00%)
Volume
1,14,982
Market Cap
₹939 Cr
52W Low
₹0.00
52W High
₹205.30
LTP
3.56 (3.37%)
Volume
3,56,47,557
Market Cap
₹43,701 Cr
52W Low
₹99.15
52W High
₹175.35
LTP
0.04 (0.45%)
Volume
14,31,285
Market Cap
₹1,101 Cr
52W Low
₹8.80
52W High
₹16.75
LTP
0.08 (4.76%)
Volume
500
Market Cap
₹7 Cr
52W Low
₹0.00
52W High
₹1.76
LTP
0.00 (0.00%)
Volume
3,900
Market Cap
₹2 Cr
52W Low
₹0.00
52W High
₹4.00
LTP
10.86 (4.99%)
Volume
69,588
Market Cap
₹3,907 Cr
52W Low
₹175.00
52W High
₹311.45
LTP
-9.75 (-3.00%)
Volume
600
Market Cap
₹363 Cr
52W Low
₹315.25
52W High
₹839.00
LTP
0.05 (2.23%)
Volume
1,84,025
Market Cap
₹56 Cr
52W Low
₹0.65
52W High
₹3.93
LTP
-0.55 (-0.14%)
Volume
44,457
Market Cap
₹697 Cr
52W Low
₹300.00
52W High
₹530.40
LTP
6.65 (1.70%)
Volume
1,079
Market Cap
₹445 Cr
52W Low
₹362.75
52W High
₹951.00
LTP
3.95 (2.55%)
Volume
1,200
Market Cap
₹199 Cr
52W Low
₹140.00
52W High
₹734.60
LTP
5.70 (2.43%)
Volume
4,63,800
Market Cap
₹5,111 Cr
52W Low
₹226.90
52W High
₹371.98
LTP
-0.15 (-0.33%)
Volume
27,600
Market Cap
₹106 Cr
52W Low
₹44.00
52W High
₹93.70
LTP
-1.00 (-5.00%)
Volume
100
Market Cap
₹10 Cr
52W Low
₹11.30
52W High
₹22.82
LTP
0.00 (0.00%)
Volume
2,57,937
Market Cap
₹3,508 Cr
52W Low
₹721.00
52W High
₹1,128.80
LTP
0.00 (0.00%)
Volume
37,62,138
Market Cap
₹9,354 Cr
52W Low
₹0.00
52W High
₹89.05
LTP
0.00 (0.00%)
Volume
97,913
Market Cap
₹3,741 Cr
52W Low
₹556.00
52W High
₹856.45
LTP
3.84 (2.90%)
Volume
5,13,07,200
Market Cap
₹1,65,095 Cr
52W Low
₹122.62
52W High
₹184.60
LTP
0.00 (0.00%)
Volume
28,55,608
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹238.05
LTP
120.45 (4.70%)
Volume
17,415
Market Cap
₹5,862 Cr
52W Low
₹1,532.50
52W High
₹3,933.00
LTP
30.70 (1.14%)
Volume
2,31,612
Market Cap
₹51,955 Cr
52W Low
₹2,632.10
52W High
₹4,810.80
LTP
-4.20 (-6.75%)
Volume
16,997
Market Cap
₹104 Cr
52W Low
₹55.98
52W High
₹124.65
LTP
-0.60 (-2.00%)
Volume
1,11,371
Market Cap
₹39 Cr
52W Low
₹5.47
52W High
₹39.60
LTP
0.15 (0.64%)
Volume
14,112
Market Cap
₹38 Cr
52W Low
₹19.20
52W High
₹36.80
LTP
2.70 (0.90%)
Volume
3,76,658
Market Cap
₹9,081 Cr
52W Low
₹273.05
52W High
₹451.00
LTP
0.04 (0.48%)
Volume
12
Market Cap
₹4 Cr
52W Low
₹7.01
52W High
₹20.99
LTP
-5.41 (-2.42%)
Volume
29,895
Market Cap
₹1,819 Cr
52W Low
₹185.40
52W High
₹342.80
LTP
-0.24 (-0.54%)
Volume
79,758
Market Cap
₹132 Cr
52W Low
₹30.40
52W High
₹73.88
LTP
34.80 (2.61%)
Volume
1,42,107
Market Cap
₹2,722 Cr
52W Low
₹1,170.40
52W High
₹2,450.35
LTP
4.48 (2.77%)
Volume
13,323
Market Cap
₹304 Cr
52W Low
₹145.00
52W High
₹446.25
LTP
-0.55 (-0.15%)
Volume
42,500
Market Cap
₹879 Cr
52W Low
₹203.80
52W High
₹566.50
LTP
-0.44 (-0.26%)
Volume
35,096
Market Cap
₹565 Cr
52W Low
₹166.00
52W High
₹296.70
LTP
15.85 (2.04%)
Volume
6,82,268
Market Cap
₹20,394 Cr
52W Low
₹440.15
52W High
₹835.00
LTP
0.01 (0.03%)
Volume
1,55,247
Market Cap
₹1,908 Cr
52W Low
₹30.68
52W High
₹58.90
LTP
0.02 (4.76%)
Volume
800
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹0.44
LTP
0.03 (0.43%)
Volume
1,05,781
Market Cap
₹99 Cr
52W Low
₹6.45
52W High
₹15.45
Join Our 2.5 Cr+ Happy Customers
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:
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.
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.
Investing in Steel stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Steel sector stocks represent companies involved in the manufacturing and distribution of steel used across various industries.
JSW Steel, Tata Steel, Jindal Steel, SAIL, etc. are some of the biggest Steel sector companies in India with publicly traded 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.
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.
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.
Open Free Demat Account!
Join our 2.5 Cr+ happy customers