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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
-0.30 (-3.03%)
Volume
2,396
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.46
LTP
-0.85 (-2.31%)
Volume
12,000
Market Cap
₹92 Cr
52W Low
₹23.65
52W High
₹72.00
LTP
-0.86 (-0.90%)
Volume
87,829
Market Cap
₹1,080 Cr
52W Low
₹72.14
52W High
₹151.50
LTP
3.99 (2.18%)
Volume
4,53,181
Market Cap
₹2,365 Cr
52W Low
₹148.01
52W High
₹272.00
LTP
-0.48 (-0.80%)
Volume
25,101
Market Cap
₹77 Cr
52W Low
₹53.05
52W High
₹125.90
LTP
0.00 (0.00%)
Volume
600
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹3.50
LTP
-0.39 (-13.73%)
Volume
9,13,250
Market Cap
₹112 Cr
52W Low
₹2.43
52W High
₹27.80
LTP
-0.01 (-0.53%)
Volume
4,804
Market Cap
₹27 Cr
52W Low
₹1.81
52W High
₹4.99
LTP
0.00 (0.00%)
Volume
70
Market Cap
₹3 Cr
52W Low
₹4.43
52W High
₹7.52
LTP
0.68 (3.22%)
Volume
1,157
Market Cap
₹17 Cr
52W Low
₹18.08
52W High
₹62.65
LTP
1.45 (1.08%)
Volume
7,558
Market Cap
₹546 Cr
52W Low
₹86.90
52W High
₹208.20
LTP
0.20 (0.16%)
Volume
11,633
Market Cap
₹167 Cr
52W Low
₹74.99
52W High
₹163.70
LTP
7.30 (1.99%)
Volume
40,692
Market Cap
₹5,768 Cr
52W Low
₹323.15
52W High
₹503.95
LTP
9.05 (1.85%)
Volume
3,191
Market Cap
₹932 Cr
52W Low
₹435.00
52W High
₹774.00
LTP
-1.61 (-0.87%)
Volume
73,894
Market Cap
₹1,271 Cr
52W Low
₹122.23
52W High
₹300.75
LTP
-0.04 (-0.28%)
Volume
11,263
Market Cap
₹129 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
-0.69 (-1.43%)
Volume
1,46,704
Market Cap
₹1,084 Cr
52W Low
₹39.36
52W High
₹77.95
LTP
1.91 (3.35%)
Volume
5,290
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
8.30 (5.55%)
Volume
36,000
Market Cap
₹361 Cr
52W Low
₹73.65
52W High
₹178.80
LTP
-8.45 (-0.62%)
Volume
3,900
Market Cap
₹1,249 Cr
52W Low
₹1,111.00
52W High
₹2,210.00
LTP
1.17 (4.97%)
Volume
100
Market Cap
₹10 Cr
52W Low
₹10.33
52W High
₹24.70
LTP
1.76 (0.87%)
Volume
11,490
Market Cap
₹313 Cr
52W Low
₹185.99
52W High
₹448.95
LTP
2.35 (0.84%)
Volume
1,46,664
Market Cap
₹1,937 Cr
52W Low
₹167.00
52W High
₹369.90
LTP
0.29 (4.14%)
Volume
40,697
Market Cap
₹76 Cr
52W Low
₹6.12
52W High
₹15.84
LTP
0.00 (0.00%)
Volume
400
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹1.55
LTP
-0.10 (-0.41%)
Volume
3,000
Market Cap
₹29 Cr
52W Low
₹22.00
52W High
₹49.50
LTP
-12.20 (-1.55%)
Volume
9,194
Market Cap
₹1,004 Cr
52W Low
₹673.35
52W High
₹1,455.00
LTP
0.00 (0.00%)
Volume
3,200
Market Cap
₹23 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
-21.20 (-3.30%)
Volume
2,78,759
Market Cap
₹15,488 Cr
52W Low
₹292.05
52W High
₹802.25
LTP
20.70 (2.72%)
Volume
11,330
Market Cap
₹927 Cr
52W Low
₹585.50
52W High
₹929.00
LTP
-0.02 (-4.26%)
Volume
700
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹0.45
LTP
-1.85 (-1.02%)
Volume
4,271
Market Cap
₹98 Cr
52W Low
₹156.00
52W High
₹441.20
LTP
1.08 (1.60%)
Volume
86,503
Market Cap
₹353 Cr
52W Low
₹63.19
52W High
₹147.80
LTP
12.89 (6.35%)
Volume
87,32,696
Market Cap
₹13,609 Cr
52W Low
₹145.75
52W High
₹253.40
LTP
14.50 (1.47%)
Volume
65,598
Market Cap
₹3,270 Cr
52W Low
₹567.75
52W High
₹1,330.00
LTP
0.00 (0.00%)
Volume
490
Market Cap
₹28 Cr
52W Low
₹6.90
52W High
₹9.73
LTP
9.30 (1.88%)
Volume
17,42,835
Market Cap
₹1,533 Cr
52W Low
₹320.35
52W High
₹888.75
LTP
-0.15 (-2.02%)
Volume
4,030
Market Cap
₹4 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
2.09 (2.39%)
Volume
4,51,714
Market Cap
₹1,775 Cr
52W Low
₹84.80
52W High
₹210.85
LTP
3.02 (1.66%)
Volume
7,793
Market Cap
₹99 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
0.48 (1.23%)
Volume
1,114
Market Cap
₹185 Cr
52W Low
₹28.50
52W High
₹55.15
LTP
0.57 (4.92%)
Volume
12,49,903
Market Cap
₹461 Cr
52W Low
₹3.17
52W High
₹12.29
LTP
43.10 (2.09%)
Volume
38,620
Market Cap
₹3,364 Cr
52W Low
₹1,110.15
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
2.20 (2.16%)
Volume
20,01,510
Market Cap
₹9,305 Cr
52W Low
₹99.06
52W High
₹236.00
LTP
2.20 (1.00%)
Volume
19,000
Market Cap
₹497 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
5.75 (9.99%)
Volume
4,75,25,709
Market Cap
₹5,586 Cr
52W Low
₹28.00
52W High
₹63.29
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
10.50 (1.40%)
Volume
7,26,102
Market Cap
₹61,618 Cr
52W Low
₹496.60
52W High
₹803.00
LTP
12.40 (1.25%)
Volume
11,21,840
Market Cap
₹1,01,356 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
-5.60 (-0.52%)
Volume
17,15,926
Market Cap
₹2,64,207 Cr
52W Low
₹880.00
52W High
₹1,088.00
LTP
2.62 (3.78%)
Volume
27,73,752
Market Cap
₹2,626 Cr
52W Low
₹59.77
52W High
₹123.75
LTP
3.20 (7.69%)
Volume
10,000
Market Cap
₹54 Cr
52W Low
₹32.60
52W High
₹55.00
LTP
-6.05 (-0.69%)
Volume
49,867
Market Cap
₹3,825 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
-0.17 (-0.58%)
Volume
9,67,542
Market Cap
₹827 Cr
52W Low
₹25.10
52W High
₹67.30
LTP
0.50 (5.26%)
Volume
1,63,63,896
Market Cap
₹300 Cr
52W Low
₹8.36
52W High
₹58.60
LTP
1.37 (2.92%)
Volume
4,246
Market Cap
₹134 Cr
52W Low
₹24.25
52W High
₹51.88
LTP
-0.25 (-0.26%)
Volume
1,200
Market Cap
₹209 Cr
52W Low
₹90.50
52W High
₹223.95
LTP
-0.01 (-0.03%)
Volume
2,100
Market Cap
₹124 Cr
52W Low
₹29.20
52W High
₹56.00
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹9,090 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
-9.00 (-3.88%)
Volume
40,500
Market Cap
₹330 Cr
52W Low
₹196.05
52W High
₹430.00
LTP
0.00 (0.00%)
Volume
1,09,880
Market Cap
₹238 Cr
52W Low
₹7.78
52W High
₹22.98
LTP
0.00 (0.00%)
Volume
223
Market Cap
₹4 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
6.30 (1.80%)
Volume
4,015
Market Cap
₹575 Cr
52W Low
₹119.22
52W High
₹376.85
LTP
0.00 (0.00%)
Volume
19,000
Market Cap
₹114 Cr
52W Low
₹50.55
52W High
₹98.00
LTP
12.10 (3.09%)
Volume
5,39,605
Market Cap
₹2,626 Cr
52W Low
₹201.55
52W High
₹475.00
LTP
-1.65 (-1.13%)
Volume
65,568
Market Cap
₹1,456 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
0.26 (0.44%)
Volume
11,260
Market Cap
₹397 Cr
52W Low
₹43.05
52W High
₹77.14
LTP
3.00 (4.99%)
Volume
24,000
Market Cap
₹148 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
-1.10 (-0.59%)
Volume
4,800
Market Cap
₹553 Cr
52W Low
₹128.20
52W High
₹192.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
0.47 (0.68%)
Volume
2,221
Market Cap
₹51 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
-0.30 (-1.67%)
Volume
4,343
Market Cap
₹25 Cr
52W Low
₹13.21
52W High
₹36.20
LTP
0.09 (0.28%)
Volume
7,20,734
Market Cap
₹1,810 Cr
52W Low
₹21.60
52W High
₹64.52
LTP
1.31 (0.96%)
Volume
1,46,465
Market Cap
₹1,971 Cr
52W Low
₹84.40
52W High
₹177.30
LTP
0.09 (0.55%)
Volume
1,261
Market Cap
₹20 Cr
52W Low
₹14.60
52W High
₹23.46
LTP
0.00 (0.00%)
Volume
1
Market Cap
₹32 Cr
52W Low
₹47.60
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
-0.15 (-0.43%)
Volume
27,200
Market Cap
₹60 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
0.03 (0.08%)
Volume
1,09,90,914
Market Cap
₹11,676 Cr
52W Low
₹32.13
52W High
₹56.25
LTP
0.10 (0.67%)
Volume
2,773
Market Cap
₹54 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
-0.50 (-0.59%)
Volume
26,680
Market Cap
₹437 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
-7.50 (-5.00%)
Volume
10,000
Market Cap
₹113 Cr
52W Low
₹122.85
52W High
₹165.00
LTP
7.80 (3.09%)
Volume
807
Market Cap
₹481 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
4.75 (1.86%)
Volume
79,76,585
Market Cap
₹3,446 Cr
52W Low
₹135.65
52W High
₹269.00
LTP
3.71 (2.30%)
Volume
6,88,602
Market Cap
₹2,884 Cr
52W Low
₹132.51
52W High
₹237.00
LTP
-0.04 (-0.69%)
Volume
2,09,575
Market Cap
₹102 Cr
52W Low
₹5.66
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
0.00 (0.00%)
Volume
1,000
Market Cap
₹19 Cr
52W Low
₹60.55
52W High
₹116.00
LTP
-0.51 (-1.15%)
Volume
35,751
Market Cap
₹200 Cr
52W Low
₹3.05
52W High
₹57.95
LTP
3.95 (1.21%)
Volume
76,249
Market Cap
₹1,658 Cr
52W Low
₹260.00
52W High
₹622.85
LTP
0.19 (1.79%)
Volume
40,52,340
Market Cap
₹1,653 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
0.84 (2.79%)
Volume
7,402
Market Cap
₹49 Cr
52W Low
₹29.00
52W High
₹59.79
LTP
1.61 (6.28%)
Volume
67,158
Market Cap
₹221 Cr
52W Low
₹24.50
52W High
₹78.20
LTP
5.22 (3.61%)
Volume
9,05,560
Market Cap
₹767 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
7.90 (4.99%)
Volume
6,913
Market Cap
₹174 Cr
52W Low
₹69.00
52W High
₹180.43
LTP
0.00 (0.00%)
Volume
3,32,402
Market Cap
₹1,379 Cr
52W Low
₹11.50
52W High
₹24.61
LTP
3.94 (5.00%)
Volume
25,500
Market Cap
₹65 Cr
52W Low
₹75.05
52W High
₹168.30
LTP
-0.81 (-2.21%)
Volume
1,336
Market Cap
₹20 Cr
52W Low
₹32.00
52W High
₹64.99
LTP
0.02 (0.06%)
Volume
1,62,003
Market Cap
₹310 Cr
52W Low
₹26.00
52W High
₹59.00
LTP
-0.38 (-2.38%)
Volume
1,53,401
Market Cap
₹135 Cr
52W Low
₹14.37
52W High
₹31.18
LTP
-2.45 (-1.16%)
Volume
2,27,000
Market Cap
₹984 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
0.50 (7.16%)
Volume
1,17,00,249
Market Cap
₹1,207 Cr
52W Low
₹6.91
52W High
₹23.28
LTP
3.47 (2.84%)
Volume
18,46,665
Market Cap
₹3,594 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
10.75 (1.85%)
Volume
18,02,947
Market Cap
₹20,477 Cr
52W Low
₹325.95
52W High
₹607.75
LTP
0.89 (0.81%)
Volume
1,16,775
Market Cap
₹151 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
0.73 (2.19%)
Volume
11,297
Market Cap
₹195 Cr
52W Low
₹30.00
52W High
₹75.00
LTP
-1.63 (-0.92%)
Volume
2,17,746
Market Cap
₹1,058 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
-0.40 (-0.71%)
Volume
17,903
Market Cap
₹111 Cr
52W Low
₹43.30
52W High
₹112.99
LTP
-0.04 (-1.19%)
Volume
2,64,981
Market Cap
₹198 Cr
52W Low
₹2.80
52W High
₹6.85
LTP
-10.90 (-3.95%)
Volume
296
Market Cap
₹140 Cr
52W Low
₹235.00
52W High
₹539.85
LTP
1.02 (3.52%)
Volume
104
Market Cap
₹10 Cr
52W Low
₹27.30
52W High
₹45.84
LTP
1.55 (0.79%)
Volume
3,141
Market Cap
₹178 Cr
52W Low
₹133.15
52W High
₹258.00
LTP
-0.80 (-1.33%)
Volume
10,000
Market Cap
₹115 Cr
52W Low
₹54.05
52W High
₹84.00
LTP
-22.25 (-2.30%)
Volume
2,12,269
Market Cap
₹26,989 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
0.78 (0.64%)
Volume
41,63,866
Market Cap
₹50,599 Cr
52W Low
₹99.15
52W High
₹144.20
LTP
-0.01 (-0.10%)
Volume
14,69,596
Market Cap
₹1,247 Cr
52W Low
₹7.06
52W High
₹14.76
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
4.35 (1.46%)
Volume
1,89,916
Market Cap
₹5,377 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
₹450.95
LTP
0.00 (0.00%)
Volume
48,563
Market Cap
₹30 Cr
52W Low
₹1.20
52W High
₹3.93
LTP
-2.00 (-0.59%)
Volume
24,295
Market Cap
₹628 Cr
52W Low
₹297.25
52W High
₹530.40
LTP
1.40 (0.51%)
Volume
667
Market Cap
₹313 Cr
52W Low
₹258.35
52W High
₹625.00
LTP
2.15 (2.20%)
Volume
5,200
Market Cap
₹151 Cr
52W Low
₹75.10
52W High
₹334.00
LTP
0.75 (2.44%)
Volume
2,400
Market Cap
₹71 Cr
52W Low
₹30.30
52W High
₹81.00
LTP
-0.99 (-4.91%)
Volume
100
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
1.33 (0.84%)
Volume
1,74,68,762
Market Cap
₹1,97,177 Cr
52W Low
₹122.62
52W High
₹170.18
LTP
0.00 (0.00%)
Volume
28,55,608
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹238.05
LTP
57.60 (2.14%)
Volume
9,348
Market Cap
₹6,185 Cr
52W Low
₹2,050.00
52W High
₹3,933.00
LTP
0.00 (0.00%)
Volume
2,330
Market Cap
₹57 Cr
52W Low
₹32.50
52W High
₹97.95
LTP
-0.59 (-1.99%)
Volume
51,700
Market Cap
₹38 Cr
52W Low
₹7.00
52W High
₹39.60
LTP
-0.33 (-1.35%)
Volume
4,36,188
Market Cap
₹72 Cr
52W Low
₹20.92
52W High
₹32.97
LTP
4.20 (1.15%)
Volume
6,38,693
Market Cap
₹11,179 Cr
52W Low
₹278.55
52W High
₹451.00
LTP
0.50 (4.98%)
Volume
50
Market Cap
₹5 Cr
52W Low
₹6.02
52W High
₹12.59
LTP
2.30 (0.91%)
Volume
35,865
Market Cap
₹2,446 Cr
52W Low
₹178.00
52W High
₹322.00
LTP
1.43 (2.70%)
Volume
57,702
Market Cap
₹167 Cr
52W Low
₹33.30
52W High
₹73.88
LTP
7.80 (0.59%)
Volume
27,648
Market Cap
₹2,717 Cr
52W Low
₹1,005.30
52W High
₹2,450.35
LTP
3.25 (2.11%)
Volume
7,262
Market Cap
₹292 Cr
52W Low
₹125.00
52W High
₹286.65
LTP
2.50 (0.48%)
Volume
21,000
Market Cap
₹1,274 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
3.54 (2.35%)
Volume
27,472
Market Cap
₹498 Cr
52W Low
₹135.00
52W High
₹296.70
LTP
0.03 (0.10%)
Volume
3,41,532
Market Cap
₹2,045 Cr
52W Low
₹25.60
52W High
₹55.52
LTP
0.02 (4.55%)
Volume
50
Market Cap
₹0 Cr
52W Low
₹0.46
52W High
₹0.46
LTP
0.15 (1.89%)
Volume
36,444
Market Cap
₹113 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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