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LTP
0.17 (3.46%)
Volume
91,984
Market Cap
₹11 Cr
52W Low
₹3.26
52W High
₹6.54
LTP
-0.13 (-1.30%)
Volume
3,288
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.46
LTP
1.20 (3.23%)
Volume
8,000
Market Cap
₹92 Cr
52W Low
₹23.65
52W High
₹72.00
LTP
1.48 (1.71%)
Volume
1,61,240
Market Cap
₹984 Cr
52W Low
₹72.14
52W High
₹151.50
LTP
8.55 (4.77%)
Volume
20,43,852
Market Cap
₹2,310 Cr
52W Low
₹148.01
52W High
₹272.00
LTP
1.10 (1.91%)
Volume
15,932
Market Cap
₹75 Cr
52W Low
₹53.05
52W High
₹118.01
LTP
0.00 (0.00%)
Volume
600
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹3.50
LTP
0.08 (4.21%)
Volume
2,72,850
Market Cap
₹75 Cr
52W Low
₹1.72
52W High
₹20.45
LTP
0.04 (2.07%)
Volume
6,208
Market Cap
₹28 Cr
52W Low
₹1.75
52W High
₹4.99
LTP
-0.23 (-3.80%)
Volume
5,841
Market Cap
₹3 Cr
52W Low
₹4.43
52W High
₹7.52
LTP
-0.20 (-0.98%)
Volume
7,980
Market Cap
₹16 Cr
52W Low
₹18.08
52W High
₹62.65
LTP
0.25 (0.19%)
Volume
7,576
Market Cap
₹539 Cr
52W Low
₹86.90
52W High
₹208.20
LTP
2.25 (1.95%)
Volume
13,959
Market Cap
₹152 Cr
52W Low
₹81.00
52W High
₹163.70
LTP
-5.60 (-1.56%)
Volume
1,04,407
Market Cap
₹5,606 Cr
52W Low
₹323.15
52W High
₹503.95
LTP
2.55 (0.52%)
Volume
719
Market Cap
₹937 Cr
52W Low
₹435.00
52W High
₹774.00
LTP
4.28 (2.56%)
Volume
1,86,132
Market Cap
₹1,148 Cr
52W Low
₹122.23
52W High
₹291.95
LTP
0.54 (4.04%)
Volume
26,426
Market Cap
₹120 Cr
52W Low
₹10.20
52W High
₹25.80
LTP
0.00 (0.00%)
Volume
6,57,502
Market Cap
₹14 Cr
52W Low
₹0.00
52W High
₹0.65
LTP
0.24 (0.50%)
Volume
1,27,144
Market Cap
₹1,073 Cr
52W Low
₹39.36
52W High
₹77.00
LTP
0.00 (0.00%)
Volume
358
Market Cap
₹29 Cr
52W Low
₹50.26
52W High
₹84.65
LTP
15.55 (157.07%)
Volume
500
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹26.50
LTP
1.70 (1.12%)
Volume
30,750
Market Cap
₹367 Cr
52W Low
₹103.70
52W High
₹178.80
LTP
-12.40 (-1.00%)
Volume
20,800
Market Cap
₹1,141 Cr
52W Low
₹1,111.00
52W High
₹1,960.00
LTP
-0.63 (-2.00%)
Volume
500
Market Cap
₹14 Cr
52W Low
₹10.84
52W High
₹32.16
LTP
0.85 (0.31%)
Volume
1,00,250
Market Cap
₹428 Cr
52W Low
₹185.99
52W High
₹448.95
LTP
1.05 (0.35%)
Volume
2,20,131
Market Cap
₹2,063 Cr
52W Low
₹167.00
52W High
₹360.00
LTP
0.20 (2.88%)
Volume
76,535
Market Cap
₹76 Cr
52W Low
₹5.95
52W High
₹13.98
LTP
0.00 (0.00%)
Volume
400
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹1.55
LTP
-0.20 (-0.96%)
Volume
6,000
Market Cap
₹25 Cr
52W Low
₹20.31
52W High
₹49.50
LTP
6.20 (0.63%)
Volume
28,204
Market Cap
₹1,260 Cr
52W Low
₹673.35
52W High
₹1,455.00
LTP
0.00 (0.00%)
Volume
3,200
Market Cap
₹21 Cr
52W Low
₹44.50
52W High
₹89.25
LTP
-0.01 (-3.57%)
Volume
500
Market Cap
₹6 Cr
52W Low
₹0.00
52W High
₹0.27
LTP
-11.75 (-1.73%)
Volume
3,25,746
Market Cap
₹16,366 Cr
52W Low
₹292.05
52W High
₹802.25
LTP
10.05 (1.04%)
Volume
24,857
Market Cap
₹1,171 Cr
52W Low
₹585.50
52W High
₹1,031.80
LTP
-0.02 (-4.26%)
Volume
700
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹0.45
LTP
6.95 (4.02%)
Volume
1,119
Market Cap
₹94 Cr
52W Low
₹156.00
52W High
₹378.80
LTP
-0.51 (-0.68%)
Volume
84,117
Market Cap
₹393 Cr
52W Low
₹63.19
52W High
₹122.00
LTP
-7.78 (-2.88%)
Volume
95,32,347
Market Cap
₹18,103 Cr
52W Low
₹145.75
52W High
₹275.50
LTP
22.40 (2.10%)
Volume
2,02,276
Market Cap
₹3,540 Cr
52W Low
₹567.75
52W High
₹1,330.00
LTP
0.00 (0.00%)
Volume
2,638
Market Cap
₹28 Cr
52W Low
₹6.90
52W High
₹9.73
LTP
9.30 (1.76%)
Volume
8,27,825
Market Cap
₹1,638 Cr
52W Low
₹320.35
52W High
₹813.95
LTP
-0.25 (-2.81%)
Volume
1,757
Market Cap
₹5 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
2.72 (2.60%)
Volume
54,03,633
Market Cap
₹2,117 Cr
52W Low
₹84.80
52W High
₹210.85
LTP
1.34 (0.72%)
Volume
10,028
Market Cap
₹101 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
0.54 (1.21%)
Volume
9,469
Market Cap
₹206 Cr
52W Low
₹28.50
52W High
₹55.15
LTP
-0.21 (-1.78%)
Volume
7,60,050
Market Cap
₹470 Cr
52W Low
₹3.17
52W High
₹13.64
LTP
-31.50 (-1.50%)
Volume
47,529
Market Cap
₹3,519 Cr
52W Low
₹1,167.00
52W High
₹2,400.00
LTP
0.00 (0.00%)
Volume
10,17,392
Market Cap
₹3,612 Cr
52W Low
₹68.20
52W High
₹157.90
LTP
-2.49 (-2.39%)
Volume
30,97,726
Market Cap
₹9,529 Cr
52W Low
₹99.06
52W High
₹236.00
LTP
-5.15 (-2.29%)
Volume
1,36,500
Market Cap
₹508 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
2.33 (3.35%)
Volume
1,89,87,875
Market Cap
₹6,749 Cr
52W Low
₹28.00
52W High
₹72.63
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
3.80 (0.51%)
Volume
5,04,770
Market Cap
₹61,779 Cr
52W Low
₹496.60
52W High
₹818.95
LTP
4.55 (0.43%)
Volume
12,24,184
Market Cap
₹1,06,742 Cr
52W Low
₹723.35
52W High
₹1,073.70
LTP
0.00 (0.00%)
Volume
90,78,528
Market Cap
₹1,830 Cr
52W Low
₹0.00
52W High
₹39.15
LTP
14.30 (1.30%)
Volume
16,44,469
Market Cap
₹2,69,110 Cr
52W Low
₹880.00
52W High
₹1,117.90
LTP
0.01 (0.01%)
Volume
10,62,241
Market Cap
₹2,963 Cr
52W Low
₹59.77
52W High
₹123.75
LTP
-0.20 (-0.47%)
Volume
14,000
Market Cap
₹55 Cr
52W Low
₹32.60
52W High
₹55.00
LTP
-5.00 (-0.60%)
Volume
17,696
Market Cap
₹3,609 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
-0.05 (-0.17%)
Volume
16,42,591
Market Cap
₹830 Cr
52W Low
₹25.10
52W High
₹64.67
LTP
-0.09 (-0.97%)
Volume
6,04,527
Market Cap
₹293 Cr
52W Low
₹8.36
52W High
₹58.60
LTP
-1.89 (-3.62%)
Volume
12,578
Market Cap
₹148 Cr
52W Low
₹24.25
52W High
₹55.50
LTP
-0.55 (-0.54%)
Volume
6,600
Market Cap
₹217 Cr
52W Low
₹90.50
52W High
₹223.95
LTP
0.58 (1.74%)
Volume
809
Market Cap
₹119 Cr
52W Low
₹29.20
52W High
₹56.00
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹9,050 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
5.90 (2.83%)
Volume
15,500
Market Cap
₹296 Cr
52W Low
₹196.05
52W High
₹430.00
LTP
0.01 (0.11%)
Volume
1,53,710
Market Cap
₹244 Cr
52W Low
₹7.49
52W High
₹22.84
LTP
-0.14 (-1.53%)
Volume
1,157
Market Cap
₹5 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
-0.10 (-0.03%)
Volume
6,473
Market Cap
₹646 Cr
52W Low
₹179.53
52W High
₹404.80
LTP
-0.17 (-0.22%)
Volume
2,000
Market Cap
₹111 Cr
52W Low
₹50.55
52W High
₹93.99
LTP
-0.35 (-0.08%)
Volume
2,05,374
Market Cap
₹3,120 Cr
52W Low
₹201.55
52W High
₹468.00
LTP
3.63 (2.65%)
Volume
8,20,071
Market Cap
₹1,445 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
-0.51 (-0.83%)
Volume
5,564
Market Cap
₹406 Cr
52W Low
₹43.05
52W High
₹77.14
LTP
-0.85 (-1.42%)
Volume
6,400
Market Cap
₹148 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
13.35 (6.07%)
Volume
73,200
Market Cap
₹653 Cr
52W Low
₹132.00
52W High
₹240.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
0.15 (0.22%)
Volume
1,430
Market Cap
₹50 Cr
52W Low
₹63.50
52W High
₹101.00
LTP
-0.50 (-4.96%)
Volume
1,824
Market Cap
₹132 Cr
52W Low
₹0.00
52W High
₹9.58
LTP
0.12 (0.69%)
Volume
2,716
Market Cap
₹24 Cr
52W Low
₹13.21
52W High
₹36.20
LTP
-1.44 (-3.54%)
Volume
30,30,981
Market Cap
₹2,307 Cr
52W Low
₹21.60
52W High
₹64.52
LTP
0.80 (0.58%)
Volume
1,08,076
Market Cap
₹2,006 Cr
52W Low
₹84.40
52W High
₹177.30
LTP
0.06 (0.38%)
Volume
1,851
Market Cap
₹19 Cr
52W Low
₹14.60
52W High
₹23.46
LTP
0.00 (0.00%)
Volume
116
Market Cap
₹30 Cr
52W Low
₹47.50
52W High
₹81.31
LTP
0.00 (0.00%)
Volume
13,918
Market Cap
₹0 Cr
52W Low
₹2.90
52W High
₹5.10
LTP
-1.00 (-2.78%)
Volume
17,600
Market Cap
₹62 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
-0.34 (-0.74%)
Volume
41,56,902
Market Cap
₹13,545 Cr
52W Low
₹32.13
52W High
₹55.21
LTP
-0.27 (-1.80%)
Volume
3,920
Market Cap
₹54 Cr
52W Low
₹11.19
52W High
₹26.58
LTP
0.00 (0.00%)
Volume
26,878
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.90
LTP
-0.39 (-0.47%)
Volume
13,831
Market Cap
₹427 Cr
52W Low
₹44.35
52W High
₹100.66
LTP
-11.50 (-4.98%)
Volume
10
Market Cap
₹654 Cr
52W Low
₹0.00
52W High
₹219.40
LTP
17.65 (10.40%)
Volume
1,43,000
Market Cap
₹128 Cr
52W Low
₹122.85
52W High
₹188.00
LTP
21.35 (7.93%)
Volume
2,686
Market Cap
₹514 Cr
52W Low
₹135.00
52W High
₹332.00
LTP
0.00 (0.00%)
Volume
0
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.00
LTP
-4.72 (-1.92%)
Volume
5,16,936
Market Cap
₹3,316 Cr
52W Low
₹135.65
52W High
₹269.20
LTP
0.31 (0.19%)
Volume
11,38,679
Market Cap
₹2,988 Cr
52W Low
₹132.51
52W High
₹199.00
LTP
0.01 (0.18%)
Volume
1,34,945
Market Cap
₹99 Cr
52W Low
₹5.35
52W High
₹10.18
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
2.80 (4.17%)
Volume
3,000
Market Cap
₹19 Cr
52W Low
₹60.55
52W High
₹116.00
LTP
-0.36 (-0.90%)
Volume
46,971
Market Cap
₹181 Cr
52W Low
₹3.06
52W High
₹57.95
LTP
-5.50 (-1.55%)
Volume
61,729
Market Cap
₹1,812 Cr
52W Low
₹260.00
52W High
₹618.00
LTP
-0.30 (-2.90%)
Volume
28,98,69,576
Market Cap
₹1,613 Cr
52W Low
₹8.50
52W High
₹16.93
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
0.91 (3.05%)
Volume
19,866
Market Cap
₹49 Cr
52W Low
₹26.90
52W High
₹59.79
LTP
0.07 (0.28%)
Volume
73,214
Market Cap
₹214 Cr
52W Low
₹24.00
52W High
₹71.45
LTP
-1.09 (-0.74%)
Volume
73,140
Market Cap
₹777 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
5.75 (3.57%)
Volume
2,360
Market Cap
₹177 Cr
52W Low
₹69.00
52W High
₹182.00
LTP
0.56 (2.89%)
Volume
28,39,899
Market Cap
₹1,546 Cr
52W Low
₹12.15
52W High
₹24.61
LTP
0.00 (0.00%)
Volume
10,500
Market Cap
₹70 Cr
52W Low
₹75.05
52W High
₹168.30
LTP
-0.36 (-0.97%)
Volume
1,546
Market Cap
₹20 Cr
52W Low
₹32.00
52W High
₹64.99
LTP
0.26 (0.86%)
Volume
38,900
Market Cap
₹304 Cr
52W Low
₹26.00
52W High
₹54.90
LTP
1.66 (5.00%)
Volume
1,54,829
Market Cap
₹282 Cr
52W Low
₹14.37
52W High
₹34.86
LTP
13.40 (6.52%)
Volume
3,45,000
Market Cap
₹957 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
0.46 (5.07%)
Volume
3,35,85,658
Market Cap
₹1,564 Cr
52W Low
₹6.91
52W High
₹23.28
LTP
0.98 (0.82%)
Volume
8,74,018
Market Cap
₹3,510 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
-8.45 (-1.35%)
Volume
28,51,226
Market Cap
₹22,052 Cr
52W Low
₹384.10
52W High
₹639.75
LTP
0.45 (0.42%)
Volume
6,121
Market Cap
₹147 Cr
52W Low
₹97.50
52W High
₹210.50
LTP
0.00 (0.00%)
Volume
4,68,265
Market Cap
₹12 Cr
52W Low
₹0.00
52W High
₹2.55
LTP
-0.78 (-2.21%)
Volume
58,293
Market Cap
₹206 Cr
52W Low
₹30.00
52W High
₹74.05
LTP
0.56 (0.31%)
Volume
2,01,689
Market Cap
₹1,073 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
2.59 (3.54%)
Volume
39,341
Market Cap
₹145 Cr
52W Low
₹43.30
52W High
₹112.99
LTP
0.12 (3.27%)
Volume
2,48,125
Market Cap
₹222 Cr
52W Low
₹2.80
52W High
₹5.64
LTP
9.65 (3.72%)
Volume
708
Market Cap
₹132 Cr
52W Low
₹235.00
52W High
₹498.95
LTP
-0.80 (-2.88%)
Volume
5,692
Market Cap
₹9 Cr
52W Low
₹26.01
52W High
₹45.84
LTP
0.05 (0.03%)
Volume
4,206
Market Cap
₹178 Cr
52W Low
₹133.15
52W High
₹257.00
LTP
4.40 (6.38%)
Volume
32,000
Market Cap
₹132 Cr
52W Low
₹54.05
52W High
₹84.00
LTP
4.90 (0.53%)
Volume
63,553
Market Cap
₹25,742 Cr
52W Low
₹628.25
52W High
₹1,001.00
LTP
0.00 (0.00%)
Volume
1,14,982
Market Cap
₹939 Cr
52W Low
₹0.00
52W High
₹205.30
LTP
0.13 (0.10%)
Volume
46,62,345
Market Cap
₹54,812 Cr
52W Low
₹99.15
52W High
₹144.20
LTP
-0.16 (-1.49%)
Volume
20,56,450
Market Cap
₹1,320 Cr
52W Low
₹7.06
52W High
₹13.90
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
-1.75 (-0.65%)
Volume
2,45,113
Market Cap
₹4,825 Cr
52W Low
₹188.15
52W High
₹322.00
LTP
-3.50 (-1.08%)
Volume
600
Market Cap
₹373 Cr
52W Low
₹233.05
52W High
₹469.90
LTP
0.00 (0.00%)
Volume
1,72,156
Market Cap
₹24 Cr
52W Low
₹0.96
52W High
₹3.93
LTP
2.80 (0.88%)
Volume
1,254
Market Cap
₹582 Cr
52W Low
₹284.70
52W High
₹530.40
LTP
17.30 (4.99%)
Volume
11,452
Market Cap
₹395 Cr
52W Low
₹258.00
52W High
₹625.00
LTP
5.90 (6.34%)
Volume
1,400
Market Cap
₹144 Cr
52W Low
₹75.10
52W High
₹319.00
LTP
0.00 (0.00%)
Volume
1,200
Market Cap
₹77 Cr
52W Low
₹30.30
52W High
₹71.05
LTP
-0.35 (-1.84%)
Volume
200
Market Cap
₹10 Cr
52W Low
₹12.31
52W High
₹23.43
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
2.88 (1.70%)
Volume
2,36,93,605
Market Cap
₹2,11,221 Cr
52W Low
₹122.62
52W High
₹172.50
LTP
0.00 (0.00%)
Volume
28,55,608
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹238.05
LTP
-4.70 (-0.19%)
Volume
17,042
Market Cap
₹5,649 Cr
52W Low
₹2,050.00
52W High
₹3,438.80
LTP
0.33 (1.02%)
Volume
1,064
Market Cap
₹54 Cr
52W Low
₹29.75
52W High
₹97.95
LTP
-0.01 (-0.04%)
Volume
27,427
Market Cap
₹37 Cr
52W Low
₹9.15
52W High
₹39.60
LTP
-0.48 (-2.29%)
Volume
98,564
Market Cap
₹62 Cr
52W Low
₹20.50
52W High
₹32.97
LTP
20.45 (5.29%)
Volume
50,65,438
Market Cap
₹11,772 Cr
52W Low
₹278.55
52W High
₹451.00
LTP
-0.13 (-1.25%)
Volume
30
Market Cap
₹5 Cr
52W Low
₹6.02
52W High
₹11.53
LTP
-2.20 (-0.79%)
Volume
57,118
Market Cap
₹2,680 Cr
52W Low
₹178.00
52W High
₹322.00
LTP
0.61 (1.05%)
Volume
13,509
Market Cap
₹184 Cr
52W Low
₹33.30
52W High
₹73.88
LTP
30.70 (2.33%)
Volume
37,450
Market Cap
₹2,702 Cr
52W Low
₹1,005.30
52W High
₹2,358.60
LTP
2.66 (1.66%)
Volume
17,430
Market Cap
₹303 Cr
52W Low
₹125.00
52W High
₹286.65
LTP
-6.90 (-1.18%)
Volume
13,000
Market Cap
₹1,431 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
0.19 (0.12%)
Volume
16,128
Market Cap
₹506 Cr
52W Low
₹135.00
52W High
₹296.70
LTP
-0.09 (-0.25%)
Volume
2,11,151
Market Cap
₹2,393 Cr
52W Low
₹25.60
52W High
₹55.52
LTP
0.02 (4.35%)
Volume
2,500
Market Cap
₹0 Cr
52W Low
₹0.46
52W High
₹0.48
LTP
-0.01 (-0.13%)
Volume
63,823
Market Cap
₹109 Cr
52W Low
₹5.65
52W High
₹12.50
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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.
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