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Steel Stocks

The steel sector, a cornerstone of various industries, including construction, automotive, and manufacturing, is propelled by technology, operational efficiency, and government initiatives like the PLI scheme. India's significant reserves of iron ore and expanding infrastructure projects promise growth. Before investing, assess global and Indian market outlooks, scrutinise company-specific financials, and align with investment objectives. Angel One offers a convenient platform for investing in steel stocks like JSW Steel and Tata Steel. Consider factors like market cap, growth rate, and financial health when selecting the best steel sector stocks for your investment strategy. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 5.6

0.26 (4.87%)

Volume

1,41,984

Market Cap

₹11 Cr

52W Low

₹4.81

52W High

₹19.05

LTP

₹ 10.45

0.00 (0.00%)

Volume

2,539

Market Cap

₹6 Cr

52W Low

₹7.87

52W High

₹13.00

LTP

₹ 143.45

0.41 (0.29%)

Volume

2,63,538

Market Cap

₹1,848 Cr

52W Low

₹115.00

52W High

₹196.35

LTP

₹ 127.05

-3.05 (-2.34%)

Volume

1,12,393

Market Cap

₹168 Cr

52W Low

₹90.65

52W High

₹167.35

LTP

₹ 3.5

0.00 (0.00%)

Volume

600

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹3.50

LTP

₹ 81.3

-4.10 (-4.80%)

Volume

1,17,409

Market Cap

₹1,124 Cr

52W Low

₹19.30

52W High

₹89.01

LTP

₹ 4.04

0.15 (3.86%)

Volume

1,42,842

Market Cap

₹55 Cr

52W Low

₹2.30

52W High

₹5.80

LTP

₹ 1,580.85

-51.90 (-3.18%)

Volume

8,21,986

Market Cap

₹45,342 Cr

52W Low

₹1,228.10

52W High

₹1,800.00

LTP

₹ 5.4

0.22 (4.25%)

Volume

1,860

Market Cap

₹3 Cr

52W Low

₹5.13

52W High

₹7.65

LTP

₹ 53.4

-2.49 (-4.46%)

Volume

48,659

Market Cap

₹45 Cr

52W Low

₹26.37

52W High

₹61.40

LTP

₹ 77

1.05 (1.38%)

Volume

35,346

Market Cap

₹100 Cr

52W Low

₹64.50

52W High

₹129.00

LTP

₹ 249.95

1.50 (0.60%)

Volume

20,765

Market Cap

₹803 Cr

52W Low

₹54.10

52W High

₹314.40

LTP

₹ 627

-3.15 (-0.50%)

Volume

15,769

Market Cap

₹1,202 Cr

52W Low

₹402.60

52W High

₹778.00

LTP

₹ 272

-4.60 (-1.66%)

Volume

1,80,014

Market Cap

₹1,897 Cr

52W Low

₹170.55

52W High

₹400.60

LTP

₹ 13.66

0.26 (1.94%)

Volume

77,445

Market Cap

₹121 Cr

52W Low

₹8.01

52W High

₹22.44

LTP

₹ 0.6

0.00 (0.00%)

Volume

6,57,502

Market Cap

₹14 Cr

52W Low

₹0.00

52W High

₹0.65

LTP

₹ 63.9

-0.07 (-0.11%)

Volume

6,26,926

Market Cap

₹1,440 Cr

52W Low

₹27.70

52W High

₹86.00

LTP

₹ 80

-1.60 (-1.96%)

Volume

2,561

Market Cap

₹44 Cr

52W Low

₹21.60

52W High

₹93.99

LTP

₹ 25.45

15.55 (157.07%)

Volume

500

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹26.50

LTP

₹ 69

-2.50 (-3.50%)

Volume

24,000

Market Cap

₹173 Cr

52W Low

₹52.00

52W High

₹114.65

LTP

₹ 1,280

19.95 (1.58%)

Volume

20,200

Market Cap

₹1,033 Cr

52W Low

₹181.00

52W High

₹1,329.00

LTP

₹ 8.94

-0.42 (-4.49%)

Volume

200

Market Cap

₹4 Cr

52W Low

₹8.94

52W High

₹8.95

LTP

₹ 459.05

2.70 (0.59%)

Volume

38,664

Market Cap

₹708 Cr

52W Low

₹385.92

52W High

₹681.45

LTP

₹ 21.19

1.00 (4.95%)

Volume

14,03,954

Market Cap

₹220 Cr

52W Low

₹9.11

52W High

₹31.73

LTP

₹ 1.55

0.00 (0.00%)

Volume

400

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹1.55

LTP

₹ 43.5

0.00 (0.00%)

Volume

9,000

Market Cap

₹53 Cr

52W Low

₹40.75

52W High

₹76.95

LTP

₹ 800.4

26.90 (3.48%)

Volume

16,761

Market Cap

₹987 Cr

52W Low

₹78.20

52W High

₹845.00

LTP

₹ 0.27

-0.01 (-3.57%)

Volume

500

Market Cap

₹6 Cr

52W Low

₹0.00

52W High

₹0.27

LTP

₹ 315

9.80 (3.21%)

Volume

96,195

Market Cap

₹7,377 Cr

52W Low

₹56.15

52W High

₹326.10

LTP

₹ 783.45

0.80 (0.10%)

Volume

7,443

Market Cap

₹953 Cr

52W Low

₹558.90

52W High

₹935.00

LTP

₹ 0.45

-0.02 (-4.26%)

Volume

700

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹0.45

LTP

₹ 307.6

14.60 (4.98%)

Volume

2,634

Market Cap

₹117 Cr

52W Low

₹80.00

52W High

₹392.55

LTP

₹ 93.35

2.07 (2.27%)

Volume

1,36,946

Market Cap

₹477 Cr

52W Low

₹43.90

52W High

₹126.50

LTP

₹ 1,050

-1.60 (-0.15%)

Volume

1,95,222

Market Cap

₹14,293 Cr

52W Low

₹379.10

52W High

₹1,088.65

LTP

₹ 923.6

43.05 (4.89%)

Volume

1,99,439

Market Cap

₹2,797 Cr

52W Low

₹397.60

52W High

₹1,168.75

LTP

₹ 7.29

0.13 (1.82%)

Volume

38,838

Market Cap

₹4 Cr

52W Low

₹4.88

52W High

₹11.38

LTP

₹ 9.5

0.00 (0.00%)

Volume

4,660

Market Cap

₹32 Cr

52W Low

₹6.30

52W High

₹9.50

LTP

₹ 571

-1.30 (-0.23%)

Volume

42,612

Market Cap

₹1,652 Cr

52W Low

₹440.05

52W High

₹740.00

LTP

₹ 6.27

-0.32 (-4.86%)

Volume

19,310

Market Cap

₹4 Cr

52W Low

₹6.08

52W High

₹12.50

LTP

₹ 131.32

2.67 (2.08%)

Volume

21,57,904

Market Cap

₹1,847 Cr

52W Low

₹71.00

52W High

₹170.00

LTP

₹ 189.59

-0.65 (-0.34%)

Volume

4,878

Market Cap

₹103 Cr

52W Low

₹134.15

52W High

₹251.90

LTP

₹ 44.71

4.06 (9.99%)

Volume

33,303

Market Cap

₹188 Cr

52W Low

₹22.55

52W High

₹51.65

LTP

₹ 3.66

-0.01 (-0.27%)

Volume

3,96,314

Market Cap

₹146 Cr

52W Low

₹1.56

52W High

₹5.29

LTP

₹ 173

-0.50 (-0.29%)

Volume

383

Market Cap

₹419 Cr

52W Low

₹18.00

52W High

₹212.75

LTP

₹ 128.01

-1.20 (-0.93%)

Volume

4,11,927

Market Cap

₹3,885 Cr

52W Low

₹68.20

52W High

₹137.30

LTP

₹ 917.05

13.25 (1.47%)

Volume

56,733

Market Cap

₹15,568 Cr

52W Low

₹72.50

52W High

₹1,314.00

LTP

₹ 47.22

-0.67 (-1.40%)

Volume

2,07,278

Market Cap

₹4,656 Cr

52W Low

₹21.60

52W High

₹65.40

LTP

₹ 553.9

0.95 (0.17%)

Volume

5,37,056

Market Cap

₹17,692 Cr

52W Low

₹228.30

52W High

₹598.00

LTP

₹ 562.8

0.00 (0.00%)

Volume

8,30,836

Market Cap

₹13,230 Cr

52W Low

₹360.00

52W High

₹576.90

LTP

₹ 823.65

26.40 (3.31%)

Volume

8,93,908

Market Cap

₹65,529 Cr

52W Low

₹311.60

52W High

₹837.00

LTP

₹ 1,027.7

18.80 (1.86%)

Volume

28,53,031

Market Cap

₹1,02,942 Cr

52W Low

₹521.60

52W High

₹1,085.95

LTP

₹ 39

0.00 (0.00%)

Volume

90,78,528

Market Cap

₹1,830 Cr

52W Low

₹32.70

52W High

₹39.60

LTP

₹ 916.9

6.80 (0.75%)

Volume

17,82,729

Market Cap

₹2,22,940 Cr

52W Low

₹723.00

52W High

₹928.95

LTP

₹ 217.41

-1.73 (-0.79%)

Volume

4,84,979

Market Cap

₹3,746 Cr

52W Low

₹158.50

52W High

₹278.00

LTP

₹ 835.75

-8.35 (-0.99%)

Volume

41,815

Market Cap

₹3,687 Cr

52W Low

₹339.20

52W High

₹1,074.70

LTP

₹ 545.6

-9.00 (-1.62%)

Volume

2,59,203

Market Cap

₹1,490 Cr

52W Low

₹259.95

52W High

₹668.70

LTP

₹ 30.31

1.29 (4.45%)

Volume

9,744

Market Cap

₹83 Cr

52W Low

₹20.00

52W High

₹43.69

LTP

₹ 47.38

0.84 (1.80%)

Volume

2,272

Market Cap

₹165 Cr

52W Low

₹41.05

52W High

₹65.80

LTP

₹ 452.2

0.00 (0.00%)

Volume

2,20,635

Market Cap

₹9,897 Cr

52W Low

₹441.00

52W High

₹534.00

LTP

₹ 215.9

-11.80 (-5.18%)

Volume

74,000

Market Cap

₹275 Cr

52W Low

₹126.00

52W High

₹305.00

LTP

₹ 19.39

-0.23 (-1.17%)

Volume

3,49,579

Market Cap

₹522 Cr

52W Low

₹5.00

52W High

₹24.50

LTP

₹ 11.32

0.52 (4.81%)

Volume

8,496

Market Cap

₹6 Cr

52W Low

₹5.89

52W High

₹14.75

LTP

₹ 100.2

-2.49 (-2.42%)

Volume

85,682

Market Cap

₹169 Cr

52W Low

₹63.90

52W High

₹144.45

LTP

₹ 688.1

9.90 (1.46%)

Volume

2,33,285

Market Cap

₹9,091 Cr

52W Low

₹444.40

52W High

₹1,097.00

LTP

₹ 94

-1.40 (-1.47%)

Volume

16,000

Market Cap

₹136 Cr

52W Low

₹79.75

52W High

₹138.70

LTP

₹ 385

14.20 (3.83%)

Volume

3,92,597

Market Cap

₹2,413 Cr

52W Low

₹129.35

52W High

₹459.00

LTP

₹ 72.86

0.00 (0.00%)

Volume

2,67,663

Market Cap

₹538 Cr

52W Low

₹15.40

52W High

₹72.87

LTP

₹ 54.15

0.00 (0.00%)

Volume

5,870

Market Cap

₹358 Cr

52W Low

₹37.90

52W High

₹107.00

LTP

₹ 40.15

-0.20 (-0.50%)

Volume

11,200

Market Cap

₹100 Cr

52W Low

₹32.55

52W High

₹80.00

LTP

₹ 140.1

-1.90 (-1.34%)

Volume

82,800

Market Cap

₹348 Cr

52W Low

₹106.00

52W High

₹184.00

LTP

₹ 1.83

-0.09 (-4.69%)

Volume

50,950

Market Cap

₹11 Cr

52W Low

₹0.00

52W High

₹2.00

LTP

₹ 84.65

1.47 (1.77%)

Volume

1,352

Market Cap

₹61 Cr

52W Low

₹72.00

52W High

₹110.00

LTP

₹ 9.58

-0.50 (-4.96%)

Volume

1,824

Market Cap

₹132 Cr

52W Low

₹0.00

52W High

₹9.58

LTP

₹ 20.63

0.20 (0.98%)

Volume

5,819

Market Cap

₹28 Cr

52W Low

₹12.55

52W High

₹37.37

LTP

₹ 26.46

1.18 (4.67%)

Volume

16,74,501

Market Cap

₹972 Cr

52W Low

₹8.35

52W High

₹33.40

LTP

₹ 161.46

2.82 (1.78%)

Volume

1,06,392

Market Cap

₹2,294 Cr

52W Low

₹119.85

52W High

₹212.80

LTP

₹ 12.4

-0.63 (-4.83%)

Volume

3,751

Market Cap

₹15 Cr

52W Low

₹5.96

52W High

₹19.14

LTP

₹ 74.2

-7.70 (-9.40%)

Volume

12,884

Market Cap

₹45 Cr

52W Low

₹63.50

52W High

₹93.54

LTP

₹ 3.95

0.00 (0.00%)

Volume

13,918

Market Cap

₹0 Cr

52W Low

₹2.90

52W High

₹5.10

LTP

₹ 59.93

0.33 (0.55%)

Volume

82,56,071

Market Cap

₹17,466 Cr

52W Low

₹39.15

52W High

₹73.70

LTP

₹ 24.71

0.16 (0.65%)

Volume

17,838

Market Cap

₹89 Cr

52W Low

₹9.83

52W High

₹39.69

LTP

₹ 1.85

0.00 (0.00%)

Volume

26,878

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.90

LTP

₹ 39.68

0.43 (1.10%)

Volume

44,156

Market Cap

₹172 Cr

52W Low

₹16.85

52W High

₹58.60

LTP

₹ 219.4

-11.50 (-4.98%)

Volume

10

Market Cap

₹654 Cr

52W Low

₹0.00

52W High

₹219.40

LTP

₹ 225.95

9.25 (4.27%)

Volume

2,842

Market Cap

₹413 Cr

52W Low

₹102.60

52W High

₹259.90

LTP

₹ 1

0.00 (0.00%)

Volume

0

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.00

LTP

₹ 174.96

0.37 (0.21%)

Volume

10,40,966

Market Cap

₹2,355 Cr

52W Low

₹74.50

52W High

₹179.50

LTP

₹ 174.5

3.02 (1.76%)

Volume

5,19,682

Market Cap

₹3,075 Cr

52W Low

₹62.40

52W High

₹223.60

LTP

₹ 8.62

0.00 (0.00%)

Volume

1,70,390

Market Cap

₹151 Cr

52W Low

₹4.30

52W High

₹16.20

LTP

₹ 2.68

0.12 (4.69%)

Volume

801

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹2.68

LTP

₹ 0.5

0.00 (0.00%)

Volume

10,213

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹0.50

LTP

₹ 119

0.00 (0.00%)

Volume

1,000

Market Cap

₹34 Cr

52W Low

₹77.00

52W High

₹166.70

LTP

₹ 27.21

-1.20 (-4.22%)

Volume

3,676

Market Cap

₹13 Cr

52W Low

₹17.73

52W High

₹51.17

LTP

₹ 562.6

0.95 (0.17%)

Volume

29,472

Market Cap

₹2,856 Cr

52W Low

₹501.00

52W High

₹882.00

LTP

₹ 12.16

-0.25 (-2.01%)

Volume

68,80,400

Market Cap

₹1,837 Cr

52W Low

₹9.90

52W High

₹16.83

LTP

₹ 1.3

0.00 (0.00%)

Volume

1,025

Market Cap

₹5 Cr

52W Low

₹0.00

52W High

₹1.30

LTP

₹ 12.5

0.00 (0.00%)

Volume

0

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹12.50

LTP

₹ 43.3

-1.00 (-2.26%)

Volume

11,221

Market Cap

₹72 Cr

52W Low

₹20.40

52W High

₹56.42

LTP

₹ 51.75

-0.71 (-1.35%)

Volume

32,666

Market Cap

₹446 Cr

52W Low

₹3.15

52W High

₹67.51

LTP

₹ 3,400.45

-13.60 (-0.40%)

Volume

58,563

Market Cap

₹23,890 Cr

52W Low

₹2,262.00

52W High

₹3,938.80

LTP

₹ 127.53

0.26 (0.20%)

Volume

2,16,470

Market Cap

₹618 Cr

52W Low

₹107.10

52W High

₹154.00

LTP

₹ 87

2.35 (2.78%)

Volume

7,649

Market Cap

₹93 Cr

52W Low

₹34.75

52W High

₹114.90

LTP

₹ 13.39

0.04 (0.30%)

Volume

18,01,746

Market Cap

₹1,064 Cr

52W Low

₹7.30

52W High

₹14.20

LTP

₹ 48

0.00 (0.00%)

Volume

3,000

Market Cap

₹40 Cr

52W Low

₹30.00

52W High

₹90.30

LTP

₹ 28.58

-0.58 (-1.99%)

Volume

1,488

Market Cap

₹16 Cr

52W Low

₹15.26

52W High

₹53.34

LTP

₹ 41.62

0.55 (1.34%)

Volume

72,242

Market Cap

₹412 Cr

52W Low

₹19.50

52W High

₹57.14

LTP

₹ 20.02

0.00 (0.00%)

Volume

27,084

Market Cap

₹172 Cr

52W Low

₹13.80

52W High

₹30.45

LTP

₹ 19.95

-0.08 (-0.40%)

Volume

95,27,478

Market Cap

₹3,397 Cr

52W Low

₹8.73

52W High

₹33.95

LTP

₹ 228.76

3.25 (1.44%)

Volume

2,77,128

Market Cap

₹7,939 Cr

52W Low

₹128.61

52W High

₹283.95

LTP

₹ 91.79

-0.27 (-0.29%)

Volume

2,48,983

Market Cap

₹1,042 Cr

52W Low

₹71.60

52W High

₹145.60

LTP

₹ 2.45

0.00 (0.00%)

Volume

4,68,265

Market Cap

₹12 Cr

52W Low

₹0.00

52W High

₹2.55

LTP

₹ 68.5

-0.74 (-1.07%)

Volume

18,514

Market Cap

₹362 Cr

52W Low

₹33.40

52W High

₹94.90

LTP

₹ 65.71

0.44 (0.67%)

Volume

62,646

Market Cap

₹129 Cr

52W Low

₹38.85

52W High

₹94.25

LTP

₹ 4.17

0.01 (0.24%)

Volume

7,70,401

Market Cap

₹174 Cr

52W Low

₹2.55

52W High

₹5.50

LTP

₹ 329

4.75 (1.46%)

Volume

528

Market Cap

₹165 Cr

52W Low

₹65.00

52W High

₹362.35

LTP

₹ 39.25

1.01 (2.64%)

Volume

5,639

Market Cap

₹13 Cr

52W Low

₹29.50

52W High

₹50.80

LTP

₹ 269

0.80 (0.30%)

Volume

4,618

Market Cap

₹241 Cr

52W Low

₹156.10

52W High

₹353.00

LTP

₹ 640.55

5.65 (0.89%)

Volume

4,44,436

Market Cap

₹17,718 Cr

52W Low

₹316.55

52W High

₹737.80

LTP

₹ 200.8

0.00 (0.00%)

Volume

1,14,982

Market Cap

₹939 Cr

52W Low

₹0.00

52W High

₹205.30

LTP

₹ 151.1

0.09 (0.06%)

Volume

1,82,60,822

Market Cap

₹62,371 Cr

52W Low

₹81.80

52W High

₹175.35

LTP

₹ 13.09

0.07 (0.54%)

Volume

26,99,690

Market Cap

₹1,546 Cr

52W Low

₹7.80

52W High

₹18.40

LTP

₹ 1.76

0.08 (4.76%)

Volume

500

Market Cap

₹7 Cr

52W Low

₹0.00

52W High

₹1.76

LTP

₹ 4

0.00 (0.00%)

Volume

3,900

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹4.00

LTP

₹ 212.32

0.67 (0.32%)

Volume

2,08,755

Market Cap

₹3,813 Cr

52W Low

₹146.00

52W High

₹248.80

LTP

₹ 600

-18.00 (-2.91%)

Volume

300

Market Cap

₹692 Cr

52W Low

₹445.00

52W High

₹618.00

LTP

₹ 1.09

0.00 (0.00%)

Volume

2,39,020

Market Cap

₹27 Cr

52W Low

₹0.50

52W High

₹1.40

LTP

₹ 232

-2.10 (-0.90%)

Volume

4,213

Market Cap

₹430 Cr

52W Low

₹124.00

52W High

₹318.95

LTP

₹ 783.9

-21.35 (-2.65%)

Volume

3,192

Market Cap

₹918 Cr

52W Low

₹151.00

52W High

₹951.00

LTP

₹ 372.95

-0.45 (-0.12%)

Volume

2,800

Market Cap

₹397 Cr

52W Low

₹157.85

52W High

₹734.60

LTP

₹ 619

-0.35 (-0.06%)

Volume

2,21,840

Market Cap

₹6,743 Cr

52W Low

₹364.53

52W High

₹841.65

LTP

₹ 73

0.70 (0.97%)

Volume

9,600

Market Cap

₹168 Cr

52W Low

₹66.50

52W High

₹126.00

LTP

₹ 11.9

0.00 (0.00%)

Volume

100

Market Cap

₹6 Cr

52W Low

₹9.50

52W High

₹25.41

LTP

₹ 1,110.55

0.00 (0.00%)

Volume

2,57,937

Market Cap

₹3,508 Cr

52W Low

₹721.00

52W High

₹1,128.80

LTP

₹ 85.35

0.00 (0.00%)

Volume

37,62,138

Market Cap

₹9,354 Cr

52W Low

₹0.00

52W High

₹89.05

LTP

₹ 829.95

0.00 (0.00%)

Volume

97,913

Market Cap

₹3,741 Cr

52W Low

₹556.00

52W High

₹856.45

LTP

₹ 182.2

0.87 (0.48%)

Volume

3,17,56,782

Market Cap

₹2,26,389 Cr

52W Low

₹108.10

52W High

₹183.87

LTP

₹ 233.3

0.00 (0.00%)

Volume

28,55,608

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹238.05

LTP

₹ 2,735.75

30.85 (1.14%)

Volume

24,215

Market Cap

₹6,208 Cr

52W Low

₹1,532.50

52W High

₹2,869.00

LTP

₹ 4,077

12.45 (0.31%)

Volume

3,58,589

Market Cap

₹78,559 Cr

52W Low

₹2,758.00

52W High

₹4,264.55

LTP

₹ 81

0.00 (0.00%)

Volume

2,067

Market Cap

₹122 Cr

52W Low

₹56.77

52W High

₹125.75

LTP

₹ 5.47

-0.28 (-4.87%)

Volume

9,274

Market Cap

₹5 Cr

52W Low

₹5.47

52W High

₹8.50

LTP

₹ 28.75

0.99 (3.57%)

Volume

1,50,014

Market Cap

₹44 Cr

52W Low

₹19.20

52W High

₹30.99

LTP

₹ 378.25

6.30 (1.69%)

Volume

9,01,882

Market Cap

₹11,324 Cr

52W Low

₹252.80

52W High

₹394.50

LTP

₹ 11.36

0.54 (4.99%)

Volume

2,868

Market Cap

₹5 Cr

52W Low

₹4.51

52W High

₹20.99

LTP

₹ 296.4

0.30 (0.10%)

Volume

49,003

Market Cap

₹2,415 Cr

52W Low

₹174.80

52W High

₹340.20

LTP

₹ 30.91

0.00 (0.00%)

Volume

11,512

Market Cap

₹95 Cr

52W Low

₹19.15

52W High

₹62.55

LTP

₹ 2,137.05

-1.15 (-0.05%)

Volume

1,59,487

Market Cap

₹4,342 Cr

52W Low

₹1,093.05

52W High

₹2,254.45

LTP

₹ 260.31

11.43 (4.59%)

Volume

68,116

Market Cap

₹473 Cr

52W Low

₹221.70

52W High

₹446.25

LTP

₹ 278.8

13.25 (4.99%)

Volume

2,48,000

Market Cap

₹650 Cr

52W Low

₹203.80

52W High

₹278.80

LTP

₹ 539.5

15.60 (2.98%)

Volume

29,13,748

Market Cap

₹13,707 Cr

52W Low

₹258.55

52W High

₹631.90

LTP

₹ 38.24

-0.47 (-1.21%)

Volume

2,82,093

Market Cap

₹2,052 Cr

52W Low

₹24.48

52W High

₹46.03

LTP

₹ 0.44

0.02 (4.76%)

Volume

800

Market Cap

₹0 Cr

52W Low

₹0.42

52W High

₹0.44

LTP

₹ 7.73

-0.07 (-0.90%)

Volume

2,28,108

Market Cap

₹111 Cr

52W Low

₹3.75

52W High

₹10.15

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About the Steel Sector

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:

  1. Blast Furnace (BF)
  2. Basic Oxygen Furnace (BOF)

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.

Summary

The steel sector, a cornerstone of various industries, including construction, automotive, and manufacturing, is propelled by technology, operational efficiency, and government initiatives like the PLI scheme. India’s significant reserves of iron ore and expanding infrastructure projects promise growth. Before investing, assess global and Indian market outlooks, scrutinise company-specific financials, and align with investment objectives. Angel One offers a convenient platform for investing in steel stocks like JSW Steel and Tata Steel. Consider factors like market cap, growth rate, and financial health when selecting the best steel sector stocks for your investment strategy.

Future Outlook of the Steel Sector

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.

Things To Consider Before Investing in the Steel Sector

  1. Global and Indian steel market outlook: Delve into industry reports and expert projections to understand anticipated growth rates. Focus on companies operating in downstream sectors poised for significant expansion. Remember, external factors like fluctuating raw material costs such as iron ore, can influence profitability.
  2. Company-specific financials: Scrutinise the financial health of potential investments. Analyse profitability, cash flow management, and capital efficiency to gauge their operational robustness.
  3. Mapping the Indian steel market: Identify the major players and their respective market shares.
  4. Investment horizon and objectives: Are you seeking short-term gains or long-term capital appreciation? Choose companies that align with your timeframe. For long-term growth, prioritise businesses with established market positions and robust long-term expansion plans.

How To Invest in Steel Stocks?

Investing in Steel stocks via Angel One is easy. Simply follow these steps:

  1. Log in to your Angel One account.
  2. Click on the search icon and look for your desired Steel stock.
  3. Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  4. To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are Steel sector stocks?

Steel sector stocks represent companies involved in the manufacturing and distribution of steel used across various industries.

What are the top stocks from the Steel sector in terms of market cap?

JSW Steel, Tata Steel, Jindal Steel, SAIL, etc. are some of the biggest Steel sector companies in India with publicly traded stocks.

How to evaluate Steel sector 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.

Why should you invest in Steel 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.

Which are the best Steel sector stocks to invest in?

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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