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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
12,231
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.75
LTP
1.35 (3.35%)
Volume
16,000
Market Cap
₹100 Cr
52W Low
₹23.65
52W High
₹72.00
LTP
2.99 (3.00%)
Volume
6,42,969
Market Cap
₹1,131 Cr
52W Low
₹72.14
52W High
₹151.50
LTP
6.07 (3.25%)
Volume
26,26,962
Market Cap
₹2,419 Cr
52W Low
₹147.10
52W High
₹272.00
LTP
0.83 (1.32%)
Volume
6,383
Market Cap
₹81 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
0.10 (3.34%)
Volume
56,857
Market Cap
₹118 Cr
52W Low
₹2.88
52W High
₹30.10
LTP
0.05 (2.60%)
Volume
15,318
Market Cap
₹28 Cr
52W Low
₹1.85
52W High
₹5.39
LTP
-0.27 (-4.31%)
Volume
460
Market Cap
₹3 Cr
52W Low
₹4.43
52W High
₹7.52
LTP
0.51 (2.35%)
Volume
5,329
Market Cap
₹17 Cr
52W Low
₹18.08
52W High
₹62.65
LTP
-0.70 (-0.50%)
Volume
2,336
Market Cap
₹566 Cr
52W Low
₹86.90
52W High
₹208.20
LTP
-0.80 (-0.63%)
Volume
20,141
Market Cap
₹167 Cr
52W Low
₹73.50
52W High
₹163.70
LTP
-4.40 (-1.07%)
Volume
40,463
Market Cap
₹6,424 Cr
52W Low
₹323.15
52W High
₹503.95
LTP
0.80 (0.16%)
Volume
672
Market Cap
₹961 Cr
52W Low
₹435.00
52W High
₹774.00
LTP
0.90 (0.47%)
Volume
92,931
Market Cap
₹1,309 Cr
52W Low
₹122.23
52W High
₹300.75
LTP
-0.38 (-2.42%)
Volume
19,207
Market Cap
₹142 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
1.30 (2.62%)
Volume
1,06,178
Market Cap
₹1,119 Cr
52W Low
₹39.36
52W High
₹79.05
LTP
0.74 (1.34%)
Volume
908
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
1.55 (1.07%)
Volume
16,500
Market Cap
₹349 Cr
52W Low
₹64.00
52W High
₹178.80
LTP
-39.95 (-2.76%)
Volume
18,000
Market Cap
₹1,331 Cr
52W Low
₹1,111.00
52W High
₹2,210.00
LTP
0.62 (4.95%)
Volume
100
Market Cap
₹6 Cr
52W Low
₹10.33
52W High
₹13.15
LTP
0.50 (0.23%)
Volume
8,320
Market Cap
₹342 Cr
52W Low
₹185.99
52W High
₹459.80
LTP
1.45 (0.51%)
Volume
62,859
Market Cap
₹1,964 Cr
52W Low
₹167.00
52W High
₹397.80
LTP
0.21 (2.82%)
Volume
1,50,637
Market Cap
₹81 Cr
52W Low
₹6.43
52W High
₹17.48
LTP
0.00 (0.00%)
Volume
400
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹1.55
LTP
-0.50 (-2.17%)
Volume
6,000
Market Cap
₹28 Cr
52W Low
₹22.51
52W High
₹49.50
LTP
-52.80 (-5.00%)
Volume
4,411
Market Cap
₹1,334 Cr
52W Low
₹673.35
52W High
₹1,455.00
LTP
-4.25 (-7.81%)
Volume
1,600
Market Cap
₹24 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
85.20 (12.51%)
Volume
35,43,292
Market Cap
₹16,429 Cr
52W Low
₹288.05
52W High
₹779.80
LTP
-2.80 (-0.36%)
Volume
5,922
Market Cap
₹937 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
-10.85 (-4.60%)
Volume
1,997
Market Cap
₹128 Cr
52W Low
₹156.00
52W High
₹441.20
LTP
2.83 (4.30%)
Volume
54,515
Market Cap
₹344 Cr
52W Low
₹63.19
52W High
₹147.80
LTP
1.71 (0.88%)
Volume
16,01,300
Market Cap
₹12,990 Cr
52W Low
₹145.75
52W High
₹253.40
LTP
-25.70 (-2.27%)
Volume
1,46,370
Market Cap
₹3,770 Cr
52W Low
₹567.75
52W High
₹1,330.00
LTP
0.00 (0.00%)
Volume
12,602
Market Cap
₹28 Cr
52W Low
₹6.90
52W High
₹9.73
LTP
12.25 (2.73%)
Volume
1,49,816
Market Cap
₹1,391 Cr
52W Low
₹320.35
52W High
₹888.75
LTP
-0.16 (-1.96%)
Volume
6,121
Market Cap
₹5 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
-1.25 (-1.35%)
Volume
6,07,239
Market Cap
₹1,873 Cr
52W Low
₹84.80
52W High
₹210.85
LTP
-1.26 (-0.61%)
Volume
17,599
Market Cap
₹112 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
-0.29 (-0.72%)
Volume
158
Market Cap
₹192 Cr
52W Low
₹28.50
52W High
₹63.62
LTP
0.42 (4.94%)
Volume
47,97,978
Market Cap
₹338 Cr
52W Low
₹3.17
52W High
₹8.94
LTP
23.00 (1.04%)
Volume
11,007
Market Cap
₹3,681 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
0.53 (0.46%)
Volume
3,70,474
Market Cap
₹10,373 Cr
52W Low
₹99.06
52W High
₹236.00
LTP
-0.40 (-0.16%)
Volume
26,500
Market Cap
₹573 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
1.40 (2.83%)
Volume
20,11,21,722
Market Cap
₹4,818 Cr
52W Low
₹28.00
52W High
₹55.50
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
3.15 (0.46%)
Volume
3,05,087
Market Cap
₹55,815 Cr
52W Low
₹496.60
52W High
₹803.00
LTP
-3.65 (-0.37%)
Volume
9,64,276
Market Cap
₹1,00,346 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
-0.90 (-0.09%)
Volume
17,80,827
Market Cap
₹2,53,068 Cr
52W Low
₹854.15
52W High
₹1,074.90
LTP
0.17 (0.23%)
Volume
19,40,799
Market Cap
₹2,784 Cr
52W Low
₹59.77
52W High
₹123.75
LTP
-2.70 (-6.78%)
Volume
8,000
Market Cap
₹52 Cr
52W Low
₹32.60
52W High
₹55.00
LTP
21.35 (2.37%)
Volume
35,610
Market Cap
₹3,931 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
-0.19 (-0.64%)
Volume
4,32,301
Market Cap
₹830 Cr
52W Low
₹25.10
52W High
₹67.30
LTP
-0.08 (-0.83%)
Volume
81,976
Market Cap
₹301 Cr
52W Low
₹9.10
52W High
₹58.60
LTP
-0.02 (-0.04%)
Volume
2,012
Market Cap
₹136 Cr
52W Low
₹24.25
52W High
₹51.88
LTP
0.05 (0.05%)
Volume
600
Market Cap
₹220 Cr
52W Low
₹90.50
52W High
₹247.00
LTP
-0.25 (-0.72%)
Volume
119
Market Cap
₹122 Cr
52W Low
₹29.20
52W High
₹56.00
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹9,319 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
-5.15 (-2.12%)
Volume
19,500
Market Cap
₹345 Cr
52W Low
₹196.05
52W High
₹430.00
LTP
0.41 (4.46%)
Volume
2,15,853
Market Cap
₹245 Cr
52W Low
₹7.78
52W High
₹22.98
LTP
0.00 (0.00%)
Volume
62
Market Cap
₹4 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
-5.10 (-1.41%)
Volume
9,318
Market Cap
₹602 Cr
52W Low
₹100.00
52W High
₹375.00
LTP
1.21 (1.49%)
Volume
12,000
Market Cap
₹116 Cr
52W Low
₹50.55
52W High
₹106.00
LTP
4.45 (0.98%)
Volume
5,84,045
Market Cap
₹3,058 Cr
52W Low
₹201.55
52W High
₹484.40
LTP
2.30 (1.44%)
Volume
5,23,724
Market Cap
₹1,596 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
3.13 (5.00%)
Volume
40,015
Market Cap
₹406 Cr
52W Low
₹43.05
52W High
₹77.14
LTP
-1.50 (-2.00%)
Volume
1,600
Market Cap
₹185 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
-0.50 (-0.27%)
Volume
78,000
Market Cap
₹544 Cr
52W Low
₹126.15
52W High
₹187.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
0.06 (0.09%)
Volume
580
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
0.81 (4.66%)
Volume
2,131
Market Cap
₹24 Cr
52W Low
₹13.21
52W High
₹36.20
LTP
-0.06 (-0.19%)
Volume
4,56,884
Market Cap
₹1,781 Cr
52W Low
₹21.60
52W High
₹64.52
LTP
5.22 (3.69%)
Volume
5,82,089
Market Cap
₹2,048 Cr
52W Low
₹84.40
52W High
₹187.68
LTP
-0.22 (-1.32%)
Volume
1,121
Market Cap
₹20 Cr
52W Low
₹14.60
52W High
₹25.98
LTP
0.00 (0.00%)
Volume
52
Market Cap
₹28 Cr
52W Low
₹49.40
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
-0.60 (-2.11%)
Volume
3,200
Market Cap
₹49 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
-0.23 (-0.61%)
Volume
9,64,309
Market Cap
₹11,057 Cr
52W Low
₹32.13
52W High
₹59.59
LTP
-0.86 (-5.60%)
Volume
2,881
Market Cap
₹56 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
-0.70 (-0.79%)
Volume
15,950
Market Cap
₹458 Cr
52W Low
₹42.40
52W High
₹100.66
LTP
-11.50 (-4.98%)
Volume
10
Market Cap
₹654 Cr
52W Low
₹0.00
52W High
₹219.40
LTP
0.00 (0.00%)
Volume
2,000
Market Cap
₹118 Cr
52W Low
₹122.85
52W High
₹165.00
LTP
0.00 (0.00%)
Volume
64
Market Cap
₹494 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
-17.95 (-7.08%)
Volume
15,94,747
Market Cap
₹3,421 Cr
52W Low
₹135.65
52W High
₹265.20
LTP
-1.23 (-0.68%)
Volume
3,85,275
Market Cap
₹3,212 Cr
52W Low
₹132.51
52W High
₹237.00
LTP
-0.12 (-2.03%)
Volume
2,34,555
Market Cap
₹103 Cr
52W Low
₹5.66
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
₹20 Cr
52W Low
₹60.55
52W High
₹116.00
LTP
2.06 (4.98%)
Volume
17,656
Market Cap
₹186 Cr
52W Low
₹3.00
52W High
₹57.95
LTP
1.00 (0.26%)
Volume
25,979
Market Cap
₹1,994 Cr
52W Low
₹260.00
52W High
₹629.25
LTP
-0.13 (-1.17%)
Volume
66,20,585
Market Cap
₹1,736 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
0.09 (0.27%)
Volume
3,230
Market Cap
₹55 Cr
52W Low
₹30.00
52W High
₹59.79
LTP
0.01 (0.04%)
Volume
39,516
Market Cap
₹242 Cr
52W Low
₹24.50
52W High
₹97.81
LTP
-6.14 (-4.15%)
Volume
5,73,767
Market Cap
₹784 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
25.06 (20.00%)
Volume
1,55,000
Market Cap
₹138 Cr
52W Low
₹69.00
52W High
₹150.36
LTP
-0.02 (-0.12%)
Volume
14,43,463
Market Cap
₹1,337 Cr
52W Low
₹11.20
52W High
₹24.61
LTP
-3.00 (-3.51%)
Volume
19,500
Market Cap
₹71 Cr
52W Low
₹69.85
52W High
₹168.30
LTP
0.03 (0.08%)
Volume
23
Market Cap
₹21 Cr
52W Low
₹33.00
52W High
₹64.99
LTP
0.27 (0.76%)
Volume
71,320
Market Cap
₹357 Cr
52W Low
₹26.00
52W High
₹75.00
LTP
-0.27 (-1.69%)
Volume
54,012
Market Cap
₹136 Cr
52W Low
₹15.50
52W High
₹31.18
LTP
-1.25 (-0.55%)
Volume
1,03,000
Market Cap
₹1,053 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
0.02 (0.28%)
Volume
42,18,164
Market Cap
₹1,247 Cr
52W Low
₹7.03
52W High
₹23.28
LTP
-6.60 (-4.90%)
Volume
1,02,47,376
Market Cap
₹3,965 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
0.85 (0.19%)
Volume
2,03,101
Market Cap
₹15,718 Cr
52W Low
₹245.00
52W High
₹563.45
LTP
-0.92 (-0.76%)
Volume
2,058
Market Cap
₹164 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
0.13 (0.35%)
Volume
8,762
Market Cap
₹216 Cr
52W Low
₹30.00
52W High
₹75.00
LTP
10.70 (5.64%)
Volume
6,45,730
Market Cap
₹1,139 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
-1.09 (-1.79%)
Volume
16,211
Market Cap
₹124 Cr
52W Low
₹43.30
52W High
₹112.99
LTP
0.03 (0.79%)
Volume
22,83,601
Market Cap
₹229 Cr
52W Low
₹2.80
52W High
₹7.37
LTP
-0.05 (-0.02%)
Volume
522
Market Cap
₹147 Cr
52W Low
₹235.00
52W High
₹609.80
LTP
-0.18 (-0.61%)
Volume
6,669
Market Cap
₹10 Cr
52W Low
₹27.30
52W High
₹45.84
LTP
-0.75 (-0.37%)
Volume
1,884
Market Cap
₹182 Cr
52W Low
₹133.15
52W High
₹294.00
LTP
-1.05 (-1.61%)
Volume
6,000
Market Cap
₹125 Cr
52W Low
₹60.15
52W High
₹84.00
LTP
-7.10 (-0.72%)
Volume
3,64,471
Market Cap
₹27,631 Cr
52W Low
₹628.25
52W High
₹999.90
LTP
0.00 (0.00%)
Volume
1,14,982
Market Cap
₹939 Cr
52W Low
₹0.00
52W High
₹205.30
LTP
-1.96 (-1.56%)
Volume
79,31,630
Market Cap
₹52,045 Cr
52W Low
₹99.15
52W High
₹156.35
LTP
-0.05 (-0.46%)
Volume
1,18,97,589
Market Cap
₹1,337 Cr
52W Low
₹7.06
52W High
₹15.80
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
7.40 (2.62%)
Volume
2,32,404
Market Cap
₹5,102 Cr
52W Low
₹188.15
52W High
₹322.00
LTP
17.85 (5.00%)
Volume
300
Market Cap
₹432 Cr
52W Low
₹233.05
52W High
₹839.00
LTP
0.00 (0.00%)
Volume
1,02,899
Market Cap
₹35 Cr
52W Low
₹1.42
52W High
₹3.93
LTP
-3.15 (-0.88%)
Volume
21,403
Market Cap
₹658 Cr
52W Low
₹297.25
52W High
₹530.40
LTP
-0.30 (-0.11%)
Volume
4,294
Market Cap
₹320 Cr
52W Low
₹268.50
52W High
₹669.20
LTP
-3.10 (-3.15%)
Volume
400
Market Cap
₹152 Cr
52W Low
₹94.90
52W High
₹359.00
LTP
-0.30 (-0.94%)
Volume
14,400
Market Cap
₹74 Cr
52W Low
₹30.75
52W High
₹81.00
LTP
0.77 (4.95%)
Volume
100
Market Cap
₹8 Cr
52W Low
₹12.31
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
-0.34 (-0.21%)
Volume
1,46,27,913
Market Cap
₹2,01,859 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
35.70 (1.10%)
Volume
7,793
Market Cap
₹7,466 Cr
52W Low
₹2,050.00
52W High
₹3,933.00
LTP
1.55 (4.43%)
Volume
23,759
Market Cap
₹58 Cr
52W Low
₹32.50
52W High
₹103.81
LTP
0.63 (2.00%)
Volume
10,238
Market Cap
₹41 Cr
52W Low
₹6.42
52W High
₹39.60
LTP
0.14 (0.55%)
Volume
10,032
Market Cap
₹75 Cr
52W Low
₹20.92
52W High
₹34.50
LTP
-1.10 (-0.29%)
Volume
3,69,681
Market Cap
₹11,513 Cr
52W Low
₹278.55
52W High
₹451.00
LTP
-0.01 (-0.11%)
Volume
11
Market Cap
₹4 Cr
52W Low
₹6.02
52W High
₹12.59
LTP
3.40 (1.28%)
Volume
1,13,682
Market Cap
₹2,547 Cr
52W Low
₹178.00
52W High
₹322.00
LTP
0.00 (0.00%)
Volume
43,401
Market Cap
₹167 Cr
52W Low
₹33.30
52W High
₹73.88
LTP
-28.30 (-1.96%)
Volume
53,962
Market Cap
₹2,952 Cr
52W Low
₹1,005.30
52W High
₹2,450.35
LTP
-1.39 (-0.86%)
Volume
9,193
Market Cap
₹308 Cr
52W Low
₹125.00
52W High
₹298.80
LTP
-3.25 (-0.59%)
Volume
6,250
Market Cap
₹1,342 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
4.12 (2.52%)
Volume
17,627
Market Cap
₹538 Cr
52W Low
₹135.00
52W High
₹296.70
LTP
0.03 (0.09%)
Volume
2,54,339
Market Cap
₹2,185 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
0.01 (0.12%)
Volume
43,472
Market Cap
₹124 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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