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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
0.00 (0.00%)
Volume
1,397
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.46
LTP
-0.10 (-0.26%)
Volume
4,000
Market Cap
₹96 Cr
52W Low
₹23.65
52W High
₹72.00
LTP
0.92 (1.09%)
Volume
64,153
Market Cap
₹957 Cr
52W Low
₹72.14
52W High
₹151.50
LTP
-2.60 (-1.46%)
Volume
1,63,205
Market Cap
₹2,308 Cr
52W Low
₹148.01
52W High
₹272.00
LTP
-0.64 (-1.10%)
Volume
8,422
Market Cap
₹75 Cr
52W Low
₹53.05
52W High
₹121.04
LTP
0.00 (0.00%)
Volume
600
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹3.50
LTP
0.01 (0.53%)
Volume
4,06,567
Market Cap
₹74 Cr
52W Low
₹1.72
52W High
₹22.60
LTP
-0.08 (-4.04%)
Volume
47,335
Market Cap
₹28 Cr
52W Low
₹1.75
52W High
₹4.99
LTP
0.00 (0.00%)
Volume
199
Market Cap
₹3 Cr
52W Low
₹4.43
52W High
₹7.52
LTP
0.33 (1.54%)
Volume
601
Market Cap
₹17 Cr
52W Low
₹18.08
52W High
₹62.65
LTP
2.65 (2.04%)
Volume
2,060
Market Cap
₹525 Cr
52W Low
₹86.90
52W High
₹208.20
LTP
-0.05 (-0.04%)
Volume
5,780
Market Cap
₹160 Cr
52W Low
₹75.06
52W High
₹163.70
LTP
-0.90 (-0.25%)
Volume
44,646
Market Cap
₹5,633 Cr
52W Low
₹323.15
52W High
₹503.95
LTP
6.20 (1.27%)
Volume
1,538
Market Cap
₹933 Cr
52W Low
₹435.00
52W High
₹774.00
LTP
-3.97 (-2.30%)
Volume
1,38,230
Market Cap
₹1,180 Cr
52W Low
₹122.23
52W High
₹292.75
LTP
0.25 (1.80%)
Volume
8,755
Market Cap
₹125 Cr
52W Low
₹10.20
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
-0.22 (-0.46%)
Volume
57,914
Market Cap
₹1,072 Cr
52W Low
₹39.36
52W High
₹77.00
LTP
-0.01 (-0.02%)
Volume
230
Market Cap
₹30 Cr
52W Low
₹50.56
52W High
₹84.65
LTP
15.55 (157.07%)
Volume
500
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹26.50
LTP
0.95 (0.63%)
Volume
36,750
Market Cap
₹364 Cr
52W Low
₹96.10
52W High
₹178.80
LTP
6.50 (0.53%)
Volume
8,600
Market Cap
₹1,119 Cr
52W Low
₹1,111.00
52W High
₹1,960.00
LTP
0.60 (1.98%)
Volume
12,200
Market Cap
₹14 Cr
52W Low
₹10.33
52W High
₹30.93
LTP
-19.53 (-6.51%)
Volume
1,99,679
Market Cap
₹466 Cr
52W Low
₹185.99
52W High
₹448.95
LTP
-4.95 (-1.79%)
Volume
94,824
Market Cap
₹1,915 Cr
52W Low
₹167.00
52W High
₹360.00
LTP
-0.09 (-1.30%)
Volume
30,153
Market Cap
₹75 Cr
52W Low
₹5.95
52W High
₹14.44
LTP
0.00 (0.00%)
Volume
400
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹1.55
LTP
-0.40 (-1.78%)
Volume
3,000
Market Cap
₹27 Cr
52W Low
₹22.00
52W High
₹49.50
LTP
45.65 (5.00%)
Volume
43,096
Market Cap
₹1,159 Cr
52W Low
₹673.35
52W High
₹1,455.00
LTP
0.00 (0.00%)
Volume
4,800
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
11.45 (1.63%)
Volume
4,38,201
Market Cap
₹16,967 Cr
52W Low
₹292.05
52W High
₹802.25
LTP
-51.30 (-5.11%)
Volume
52,410
Market Cap
₹1,219 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
1.10 (0.63%)
Volume
775
Market Cap
₹95 Cr
52W Low
₹156.00
52W High
₹384.00
LTP
-1.12 (-1.45%)
Volume
61,362
Market Cap
₹405 Cr
52W Low
₹63.19
52W High
₹124.80
LTP
-0.19 (-0.08%)
Volume
18,90,784
Market Cap
₹16,056 Cr
52W Low
₹145.75
52W High
₹253.88
LTP
24.50 (1.97%)
Volume
3,77,818
Market Cap
₹4,117 Cr
52W Low
₹567.75
52W High
₹1,330.00
LTP
0.00 (0.00%)
Volume
320
Market Cap
₹28 Cr
52W Low
₹6.90
52W High
₹9.73
LTP
-8.90 (-1.81%)
Volume
2,43,302
Market Cap
₹1,518 Cr
52W Low
₹320.35
52W High
₹813.95
LTP
0.08 (0.90%)
Volume
24,783
Market Cap
₹5 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
-0.08 (-0.09%)
Volume
3,36,771
Market Cap
₹1,825 Cr
52W Low
₹84.80
52W High
₹210.85
LTP
-3.27 (-1.70%)
Volume
5,052
Market Cap
₹105 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
0.04 (0.09%)
Volume
1,87,995
Market Cap
₹220 Cr
52W Low
₹28.50
52W High
₹55.15
LTP
-0.23 (-1.98%)
Volume
64,70,942
Market Cap
₹463 Cr
52W Low
₹3.17
52W High
₹13.64
LTP
46.70 (2.25%)
Volume
10,063
Market Cap
₹3,430 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
-0.78 (-0.77%)
Volume
13,76,866
Market Cap
₹9,237 Cr
52W Low
₹99.06
52W High
₹236.00
LTP
0.00 (0.00%)
Volume
28,500
Market Cap
₹494 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
-0.17 (-0.27%)
Volume
2,24,84,974
Market Cap
₹6,077 Cr
52W Low
₹28.00
52W High
₹65.50
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
8.20 (1.10%)
Volume
3,80,944
Market Cap
₹61,672 Cr
52W Low
₹496.60
52W High
₹818.95
LTP
-11.75 (-1.13%)
Volume
5,96,010
Market Cap
₹1,06,237 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
1.40 (0.13%)
Volume
7,05,795
Market Cap
₹2,69,403 Cr
52W Low
₹880.00
52W High
₹1,112.30
LTP
-2.24 (-2.79%)
Volume
15,21,815
Market Cap
₹3,060 Cr
52W Low
₹59.77
52W High
₹123.75
LTP
-3.65 (-8.17%)
Volume
12,000
Market Cap
₹58 Cr
52W Low
₹32.60
52W High
₹55.00
LTP
1.05 (0.13%)
Volume
12,858
Market Cap
₹3,555 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
0.31 (1.08%)
Volume
4,15,109
Market Cap
₹808 Cr
52W Low
₹25.10
52W High
₹67.30
LTP
-0.14 (-1.51%)
Volume
7,10,705
Market Cap
₹291 Cr
52W Low
₹8.36
52W High
₹58.60
LTP
0.68 (1.44%)
Volume
28,506
Market Cap
₹135 Cr
52W Low
₹24.25
52W High
₹51.88
LTP
2.00 (1.97%)
Volume
2,400
Market Cap
₹218 Cr
52W Low
₹90.50
52W High
₹223.95
LTP
1.36 (4.11%)
Volume
2,304
Market Cap
₹117 Cr
52W Low
₹29.20
52W High
₹56.00
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹8,997 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
-1.30 (-0.60%)
Volume
2,000
Market Cap
₹310 Cr
52W Low
₹196.05
52W High
₹430.00
LTP
-0.07 (-0.75%)
Volume
99,531
Market Cap
₹248 Cr
52W Low
₹7.49
52W High
₹22.98
LTP
-0.42 (-4.96%)
Volume
24,598
Market Cap
₹4 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
-8.70 (-2.16%)
Volume
9,196
Market Cap
₹660 Cr
52W Low
₹179.53
52W High
₹404.80
LTP
-3.00 (-3.80%)
Volume
8,000
Market Cap
₹112 Cr
52W Low
₹50.55
52W High
₹96.00
LTP
-3.75 (-0.90%)
Volume
1,62,096
Market Cap
₹2,816 Cr
52W Low
₹201.55
52W High
₹468.00
LTP
-0.49 (-0.32%)
Volume
87,870
Market Cap
₹1,510 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
-0.06 (-0.10%)
Volume
6,356
Market Cap
₹400 Cr
52W Low
₹43.05
52W High
₹77.14
LTP
0.00 (0.00%)
Volume
19,200
Market Cap
₹144 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
6.00 (3.23%)
Volume
26,400
Market Cap
₹552 Cr
52W Low
₹129.35
52W High
₹196.60
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
-1.68 (-2.33%)
Volume
449
Market Cap
₹53 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
0.22 (1.27%)
Volume
10,027
Market Cap
₹24 Cr
52W Low
₹13.21
52W High
₹36.20
LTP
0.38 (1.18%)
Volume
8,61,875
Market Cap
₹1,815 Cr
52W Low
₹21.60
52W High
₹64.52
LTP
-4.13 (-3.03%)
Volume
1,83,974
Market Cap
₹1,960 Cr
52W Low
₹84.40
52W High
₹177.30
LTP
-0.28 (-1.67%)
Volume
1,067
Market Cap
₹20 Cr
52W Low
₹14.60
52W High
₹23.46
LTP
-1.00 (-2.00%)
Volume
853
Market Cap
₹27 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
-0.50 (-1.52%)
Volume
4,800
Market Cap
₹57 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
0.03 (0.07%)
Volume
42,62,109
Market Cap
₹12,692 Cr
52W Low
₹32.13
52W High
₹55.21
LTP
0.27 (1.85%)
Volume
9,567
Market Cap
₹53 Cr
52W Low
₹11.19
52W High
₹27.50
LTP
0.00 (0.00%)
Volume
26,878
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.90
LTP
0.99 (1.19%)
Volume
15,534
Market Cap
₹432 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
1.00 (0.67%)
Volume
51,000
Market Cap
₹112 Cr
52W Low
₹122.85
52W High
₹165.00
LTP
-1.55 (-0.57%)
Volume
360
Market Cap
₹518 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
-8.42 (-3.33%)
Volume
3,95,377
Market Cap
₹3,402 Cr
52W Low
₹135.65
52W High
₹269.20
LTP
-0.66 (-0.41%)
Volume
3,32,064
Market Cap
₹2,873 Cr
52W Low
₹132.51
52W High
₹224.89
LTP
0.03 (0.53%)
Volume
1,07,754
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
3.20 (5.00%)
Volume
3,000
Market Cap
₹18 Cr
52W Low
₹60.55
52W High
₹116.00
LTP
-1.00 (-2.33%)
Volume
11,175
Market Cap
₹194 Cr
52W Low
₹3.06
52W High
₹57.95
LTP
-2.50 (-0.76%)
Volume
33,191
Market Cap
₹1,669 Cr
52W Low
₹260.00
52W High
₹618.00
LTP
0.01 (0.10%)
Volume
20,88,686
Market Cap
₹1,602 Cr
52W Low
₹8.50
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
0.12 (0.40%)
Volume
477
Market Cap
₹49 Cr
52W Low
₹26.90
52W High
₹59.79
LTP
0.16 (0.65%)
Volume
3,37,717
Market Cap
₹214 Cr
52W Low
₹24.26
52W High
₹71.45
LTP
-3.27 (-2.16%)
Volume
2,51,439
Market Cap
₹801 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
4.95 (2.95%)
Volume
3,390
Market Cap
₹184 Cr
52W Low
₹69.00
52W High
₹182.00
LTP
0.04 (0.21%)
Volume
4,73,393
Market Cap
₹1,529 Cr
52W Low
₹12.15
52W High
₹24.61
LTP
0.00 (0.00%)
Volume
1,500
Market Cap
₹70 Cr
52W Low
₹75.05
52W High
₹168.30
LTP
0.10 (0.28%)
Volume
1,193
Market Cap
₹20 Cr
52W Low
₹32.00
52W High
₹64.99
LTP
0.42 (1.37%)
Volume
70,010
Market Cap
₹308 Cr
52W Low
₹26.00
52W High
₹54.90
LTP
2.66 (10.00%)
Volume
16,18,343
Market Cap
₹226 Cr
52W Low
₹14.37
52W High
₹31.18
LTP
0.20 (0.10%)
Volume
47,000
Market Cap
₹931 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
0.58 (6.19%)
Volume
10,08,53,972
Market Cap
₹1,618 Cr
52W Low
₹6.91
52W High
₹23.28
LTP
-2.65 (-2.13%)
Volume
7,77,922
Market Cap
₹3,663 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
3.30 (0.57%)
Volume
4,96,274
Market Cap
₹20,302 Cr
52W Low
₹348.85
52W High
₹619.00
LTP
0.70 (0.67%)
Volume
2,970
Market Cap
₹144 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
-0.51 (-1.48%)
Volume
21,507
Market Cap
₹202 Cr
52W Low
₹30.00
52W High
₹74.05
LTP
-2.45 (-1.36%)
Volume
78,195
Market Cap
₹1,081 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
6.88 (10.00%)
Volume
6,71,575
Market Cap
₹137 Cr
52W Low
₹43.30
52W High
₹112.99
LTP
-0.11 (-2.85%)
Volume
2,38,562
Market Cap
₹226 Cr
52W Low
₹2.80
52W High
₹5.64
LTP
-13.15 (-4.71%)
Volume
2,166
Market Cap
₹142 Cr
52W Low
₹235.00
52W High
₹498.95
LTP
0.17 (0.61%)
Volume
405
Market Cap
₹9 Cr
52W Low
₹26.01
52W High
₹45.84
LTP
-2.00 (-0.98%)
Volume
1,624
Market Cap
₹184 Cr
52W Low
₹133.15
52W High
₹257.00
LTP
0.65 (0.89%)
Volume
6,000
Market Cap
₹140 Cr
52W Low
₹54.05
52W High
₹84.00
LTP
-14.40 (-1.52%)
Volume
1,10,078
Market Cap
₹26,377 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
-2.19 (-1.67%)
Volume
56,33,612
Market Cap
₹54,275 Cr
52W Low
₹99.15
52W High
₹144.20
LTP
0.22 (2.39%)
Volume
19,58,538
Market Cap
₹1,128 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
-0.65 (-0.25%)
Volume
98,658
Market Cap
₹4,776 Cr
52W Low
₹188.15
52W High
₹322.00
LTP
17.10 (4.56%)
Volume
300
Market Cap
₹452 Cr
52W Low
₹233.05
52W High
₹438.00
LTP
0.00 (0.00%)
Volume
85,704
Market Cap
₹25 Cr
52W Low
₹1.02
52W High
₹3.93
LTP
-8.75 (-2.80%)
Volume
14,684
Market Cap
₹574 Cr
52W Low
₹297.25
52W High
₹530.40
LTP
-5.15 (-1.71%)
Volume
283
Market Cap
₹344 Cr
52W Low
₹258.00
52W High
₹625.00
LTP
5.90 (7.19%)
Volume
2,400
Market Cap
₹127 Cr
52W Low
₹75.10
52W High
₹319.00
LTP
-1.25 (-3.65%)
Volume
24,000
Market Cap
₹80 Cr
52W Low
₹30.30
52W High
₹71.05
LTP
-0.26 (-1.35%)
Volume
400
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
0.01 (0.01%)
Volume
89,98,606
Market Cap
₹2,10,784 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
9.70 (0.39%)
Volume
9,320
Market Cap
₹5,634 Cr
52W Low
₹2,050.00
52W High
₹3,634.00
LTP
-0.68 (-2.01%)
Volume
4,068
Market Cap
₹56 Cr
52W Low
₹29.75
52W High
₹97.95
LTP
-0.59 (-1.97%)
Volume
49
Market Cap
₹39 Cr
52W Low
₹8.10
52W High
₹39.60
LTP
-0.69 (-3.14%)
Volume
6,98,672
Market Cap
₹65 Cr
52W Low
₹20.50
52W High
₹32.97
LTP
3.75 (0.98%)
Volume
4,63,802
Market Cap
₹11,672 Cr
52W Low
₹278.55
52W High
₹451.00
LTP
0.00 (0.00%)
Volume
623
Market Cap
₹5 Cr
52W Low
₹6.02
52W High
₹11.78
LTP
2.15 (0.81%)
Volume
27,631
Market Cap
₹2,555 Cr
52W Low
₹178.00
52W High
₹322.00
LTP
-0.36 (-0.61%)
Volume
27,638
Market Cap
₹187 Cr
52W Low
₹33.30
52W High
₹73.88
LTP
4.40 (0.33%)
Volume
27,299
Market Cap
₹2,773 Cr
52W Low
₹1,005.30
52W High
₹2,382.00
LTP
-1.57 (-0.97%)
Volume
10,398
Market Cap
₹307 Cr
52W Low
₹125.00
52W High
₹286.65
LTP
27.75 (5.00%)
Volume
81,000
Market Cap
₹1,359 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
0.50 (0.33%)
Volume
12,814
Market Cap
₹502 Cr
52W Low
₹135.00
52W High
₹296.70
LTP
0.45 (1.40%)
Volume
3,74,030
Market Cap
₹2,130 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
-0.11 (-1.44%)
Volume
57,695
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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