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LTP
0.17 (3.46%)
Volume
91,984
Market Cap
₹11 Cr
52W Low
₹3.26
52W High
₹6.33
LTP
-0.01 (-0.10%)
Volume
5,491
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.33
LTP
0.00 (0.00%)
Volume
8,000
Market Cap
₹80 Cr
52W Low
₹23.65
52W High
₹58.75
LTP
5.04 (6.54%)
Volume
4,55,958
Market Cap
₹871 Cr
52W Low
₹72.14
52W High
₹144.40
LTP
1.44 (0.84%)
Volume
6,59,958
Market Cap
₹2,211 Cr
52W Low
₹148.01
52W High
₹272.00
LTP
0.60 (1.00%)
Volume
10,955
Market Cap
₹78 Cr
52W Low
₹53.05
52W High
₹109.40
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
4,09,667
Market Cap
₹75 Cr
52W Low
₹1.72
52W High
₹16.68
LTP
-0.02 (-1.07%)
Volume
13,937
Market Cap
₹27 Cr
52W Low
₹1.75
52W High
₹4.99
LTP
0.29 (4.32%)
Volume
7,245
Market Cap
₹3 Cr
52W Low
₹4.43
52W High
₹7.52
LTP
-1.00 (-4.55%)
Volume
14,286
Market Cap
₹18 Cr
52W Low
₹18.08
52W High
₹52.50
LTP
-0.65 (-0.59%)
Volume
5,905
Market Cap
₹146 Cr
52W Low
₹81.00
52W High
₹135.40
LTP
3.00 (0.95%)
Volume
30,650
Market Cap
₹4,978 Cr
52W Low
₹306.40
52W High
₹503.95
LTP
-4.60 (-0.98%)
Volume
2,220
Market Cap
₹895 Cr
52W Low
₹435.00
52W High
₹742.50
LTP
-1.41 (-0.79%)
Volume
54,474
Market Cap
₹1,217 Cr
52W Low
₹122.23
52W High
₹254.50
LTP
-0.11 (-0.84%)
Volume
14,357
Market Cap
₹118 Cr
52W Low
₹10.20
52W High
₹20.30
LTP
0.00 (0.00%)
Volume
6,57,502
Market Cap
₹14 Cr
52W Low
₹0.00
52W High
₹0.65
LTP
-0.26 (-0.60%)
Volume
2,84,545
Market Cap
₹976 Cr
52W Low
₹39.36
52W High
₹68.10
LTP
-0.36 (-0.68%)
Volume
700
Market Cap
₹28 Cr
52W Low
₹48.20
52W High
₹79.95
LTP
15.55 (157.07%)
Volume
500
Market Cap
₹18 Cr
52W Low
₹0.00
52W High
₹26.50
LTP
-0.05 (-0.03%)
Volume
8,250
Market Cap
₹365 Cr
52W Low
₹103.70
52W High
₹178.80
LTP
9.25 (0.82%)
Volume
4,600
Market Cap
₹1,033 Cr
52W Low
₹1,100.00
52W High
₹1,960.00
LTP
1.53 (4.98%)
Volume
2,700
Market Cap
₹14 Cr
52W Low
₹10.84
52W High
₹32.40
LTP
-0.55 (-0.24%)
Volume
12,315
Market Cap
₹356 Cr
52W Low
₹185.99
52W High
₹446.70
LTP
1.65 (0.61%)
Volume
41,476
Market Cap
₹1,859 Cr
52W Low
₹167.00
52W High
₹360.00
LTP
0.04 (0.60%)
Volume
74,805
Market Cap
₹72 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
1.09 (4.95%)
Volume
6,000
Market Cap
₹28 Cr
52W Low
₹20.31
52W High
₹49.50
LTP
-1.05 (-4.24%)
Volume
300
Market Cap
₹13 Cr
52W Low
₹14.00
52W High
₹25.98
LTP
-34.25 (-3.29%)
Volume
12,166
Market Cap
₹1,325 Cr
52W Low
₹673.35
52W High
₹1,455.00
LTP
28.63 (14.07%)
Volume
2,74,88,820
Market Cap
₹2,042 Cr
52W Low
₹179.32
52W High
₹244.12
LTP
0.00 (0.00%)
Volume
4,800
Market Cap
₹21 Cr
52W Low
₹42.00
52W High
₹76.00
LTP
-0.01 (-3.57%)
Volume
500
Market Cap
₹6 Cr
52W Low
₹0.00
52W High
₹0.27
LTP
-57.85 (-9.71%)
Volume
15,95,317
Market Cap
₹14,360 Cr
52W Low
₹292.05
52W High
₹802.25
LTP
5.25 (0.57%)
Volume
15,968
Market Cap
₹1,124 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
2.95 (1.84%)
Volume
3,777
Market Cap
₹87 Cr
52W Low
₹155.20
52W High
₹345.00
LTP
-0.06 (-0.09%)
Volume
48,171
Market Cap
₹363 Cr
52W Low
₹63.19
52W High
₹118.85
LTP
4.01 (1.57%)
Volume
29,03,588
Market Cap
₹17,135 Cr
52W Low
₹145.75
52W High
₹278.00
LTP
-20.40 (-1.61%)
Volume
99,593
Market Cap
₹4,203 Cr
52W Low
₹567.75
52W High
₹1,349.00
LTP
0.00 (0.00%)
Volume
31,856
Market Cap
₹28 Cr
52W Low
₹7.62
52W High
₹10.21
LTP
-8.65 (-1.81%)
Volume
86,211
Market Cap
₹1,477 Cr
52W Low
₹320.35
52W High
₹669.90
LTP
0.00 (0.00%)
Volume
50
Market Cap
₹12 Cr
52W Low
₹0.00
52W High
₹209.00
LTP
0.11 (1.47%)
Volume
4,942
Market Cap
₹4 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
0.32 (0.28%)
Volume
10,76,445
Market Cap
₹2,358 Cr
52W Low
₹84.80
52W High
₹195.00
LTP
-0.21 (-0.12%)
Volume
3,859
Market Cap
₹95 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
0.01 (0.02%)
Volume
3,237
Market Cap
₹207 Cr
52W Low
₹28.50
52W High
₹55.15
LTP
-0.26 (-1.97%)
Volume
6,87,306
Market Cap
₹525 Cr
52W Low
₹3.81
52W High
₹14.58
LTP
-5.10 (-0.25%)
Volume
84,947
Market Cap
₹3,395 Cr
52W Low
₹1,264.00
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
0.76 (0.79%)
Volume
10,16,145
Market Cap
₹8,690 Cr
52W Low
₹92.15
52W High
₹224.80
LTP
-1.35 (-0.75%)
Volume
49,000
Market Cap
₹408 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
-2.55 (-3.44%)
Volume
77,24,617
Market Cap
₹7,195 Cr
52W Low
₹28.00
52W High
₹75.80
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
1.80 (0.23%)
Volume
2,59,309
Market Cap
₹65,723 Cr
52W Low
₹496.60
52W High
₹818.95
LTP
-0.70 (-0.07%)
Volume
10,65,307
Market Cap
₹1,02,886 Cr
52W Low
₹723.35
52W High
₹1,087.60
LTP
0.00 (0.00%)
Volume
90,78,528
Market Cap
₹1,830 Cr
52W Low
₹0.00
52W High
₹39.15
LTP
-15.80 (-1.37%)
Volume
16,67,572
Market Cap
₹2,81,826 Cr
52W Low
₹880.00
52W High
₹1,178.80
LTP
-1.43 (-2.04%)
Volume
6,26,996
Market Cap
₹2,691 Cr
52W Low
₹59.77
52W High
₹112.10
LTP
1.40 (4.67%)
Volume
2,000
Market Cap
₹39 Cr
52W Low
₹27.00
52W High
₹55.00
LTP
11.90 (1.42%)
Volume
64,617
Market Cap
₹3,647 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
-0.15 (-0.55%)
Volume
4,42,399
Market Cap
₹773 Cr
52W Low
₹25.10
52W High
₹53.98
LTP
0.05 (0.62%)
Volume
3,23,405
Market Cap
₹256 Cr
52W Low
₹8.00
52W High
₹23.52
LTP
-0.52 (-1.05%)
Volume
6,444
Market Cap
₹141 Cr
52W Low
₹24.25
52W High
₹56.10
LTP
-0.50 (-0.49%)
Volume
1,800
Market Cap
₹222 Cr
52W Low
₹90.50
52W High
₹220.00
LTP
-1.08 (-3.42%)
Volume
11,226
Market Cap
₹112 Cr
52W Low
₹29.20
52W High
₹48.05
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹8,511 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
-3.80 (-1.77%)
Volume
9,500
Market Cap
₹305 Cr
52W Low
₹196.05
52W High
₹384.00
LTP
-0.01 (-0.12%)
Volume
1,06,403
Market Cap
₹227 Cr
52W Low
₹7.49
52W High
₹13.96
LTP
-2.00 (-2.44%)
Volume
4,800
Market Cap
₹83 Cr
52W Low
₹79.00
52W High
₹88.00
LTP
-0.15 (-1.85%)
Volume
2,822
Market Cap
₹4 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
-8.50 (-1.50%)
Volume
11,041
Market Cap
₹929 Cr
52W Low
₹179.53
52W High
₹594.60
LTP
-0.01 (-0.01%)
Volume
19,000
Market Cap
₹114 Cr
52W Low
₹50.55
52W High
₹88.79
LTP
0.20 (0.05%)
Volume
2,84,591
Market Cap
₹3,056 Cr
52W Low
₹201.55
52W High
₹468.00
LTP
0.54 (0.35%)
Volume
6,23,072
Market Cap
₹1,646 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
2.13 (3.67%)
Volume
28,070
Market Cap
₹381 Cr
52W Low
₹43.05
52W High
₹75.68
LTP
-2.55 (-4.97%)
Volume
17,600
Market Cap
₹127 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
0.55 (0.23%)
Volume
8,918
Market Cap
₹715 Cr
52W Low
₹132.00
52W High
₹265.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
-0.05 (-0.07%)
Volume
1,095
Market Cap
₹52 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
-4.20 (-4.99%)
Volume
6,000
Market Cap
₹97 Cr
52W Low
₹80.00
52W High
₹114.40
LTP
0.05 (0.28%)
Volume
4,810
Market Cap
₹24 Cr
52W Low
₹13.21
52W High
₹22.80
LTP
-0.64 (-1.80%)
Volume
3,62,157
Market Cap
₹2,016 Cr
52W Low
₹21.60
52W High
₹51.45
LTP
-0.38 (-0.29%)
Volume
60,357
Market Cap
₹1,874 Cr
52W Low
₹84.40
52W High
₹162.00
LTP
-0.51 (-2.85%)
Volume
949
Market Cap
₹21 Cr
52W Low
₹14.60
52W High
₹22.00
LTP
-2.01 (-4.10%)
Volume
6,252
Market Cap
₹27 Cr
52W Low
₹44.66
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
0.00 (0.00%)
Volume
1,600
Market Cap
₹54 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
-0.05 (-0.11%)
Volume
26,72,403
Market Cap
₹12,903 Cr
52W Low
₹32.13
52W High
₹50.39
LTP
-0.35 (-2.44%)
Volume
9,479
Market Cap
₹52 Cr
52W Low
₹11.19
52W High
₹23.79
LTP
0.00 (0.00%)
Volume
26,878
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.90
LTP
-0.06 (-0.09%)
Volume
15,215
Market Cap
₹362 Cr
52W Low
₹48.10
52W High
₹100.66
LTP
-11.50 (-4.98%)
Volume
10
Market Cap
₹654 Cr
52W Low
₹0.00
52W High
₹219.40
LTP
-9.20 (-3.39%)
Volume
2,000
Market Cap
₹204 Cr
52W Low
₹122.85
52W High
₹276.10
LTP
-9.10 (-3.31%)
Volume
262
Market Cap
₹525 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
10.77 (4.47%)
Volume
16,48,140
Market Cap
₹3,240 Cr
52W Low
₹135.65
52W High
₹269.20
LTP
0.00 (0.00%)
Volume
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹0.00
LTP
0.07 (0.04%)
Volume
5,60,216
Market Cap
₹2,878 Cr
52W Low
₹132.51
52W High
₹190.90
LTP
-0.06 (-1.14%)
Volume
2,19,162
Market Cap
₹92 Cr
52W Low
₹5.01
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
-0.25 (-0.39%)
Volume
1,000
Market Cap
₹18 Cr
52W Low
₹60.55
52W High
₹114.00
LTP
-0.05 (-0.12%)
Volume
1,04,873
Market Cap
₹189 Cr
52W Low
₹3.06
52W High
₹57.95
LTP
-17.00 (-4.11%)
Volume
8,55,940
Market Cap
₹2,093 Cr
52W Low
₹260.00
52W High
₹618.00
LTP
-0.03 (-0.30%)
Volume
34,05,040
Market Cap
₹1,560 Cr
52W Low
₹8.50
52W High
₹14.90
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
0.20 (0.69%)
Volume
2,750
Market Cap
₹47 Cr
52W Low
₹26.90
52W High
₹53.30
LTP
0.03 (0.12%)
Volume
72,143
Market Cap
₹215 Cr
52W Low
₹21.65
52W High
₹52.95
LTP
4.70 (3.11%)
Volume
9,37,059
Market Cap
₹804 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
-1.75 (-1.22%)
Volume
2,094
Market Cap
₹158 Cr
52W Low
₹71.25
52W High
₹182.00
LTP
-0.32 (-1.45%)
Volume
8,05,932
Market Cap
₹1,759 Cr
52W Low
₹20.32
52W High
₹23.00
LTP
5.00 (4.76%)
Volume
1,500
Market Cap
₹87 Cr
52W Low
₹75.05
52W High
₹168.30
LTP
-0.50 (-1.32%)
Volume
516
Market Cap
₹21 Cr
52W Low
₹32.00
52W High
₹64.99
LTP
-0.11 (-0.39%)
Volume
31,807
Market Cap
₹286 Cr
52W Low
₹26.00
52W High
₹54.90
LTP
1.69 (4.98%)
Volume
1,29,010
Market Cap
₹291 Cr
52W Low
₹14.37
52W High
₹36.50
LTP
-6.05 (-3.12%)
Volume
49,000
Market Cap
₹902 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
-0.11 (-1.14%)
Volume
96,65,283
Market Cap
₹1,685 Cr
52W Low
₹6.91
52W High
₹20.20
LTP
0.90 (0.80%)
Volume
9,37,775
Market Cap
₹3,296 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
-12.15 (-2.23%)
Volume
8,21,109
Market Cap
₹19,222 Cr
52W Low
₹396.60
52W High
₹639.75
LTP
-0.63 (-0.64%)
Volume
11,012
Market Cap
₹135 Cr
52W Low
₹96.05
52W High
₹202.00
LTP
0.00 (0.00%)
Volume
4,68,265
Market Cap
₹12 Cr
52W Low
₹0.00
52W High
₹2.55
LTP
-0.88 (-1.96%)
Volume
62,408
Market Cap
₹263 Cr
52W Low
₹30.00
52W High
₹66.48
LTP
-3.72 (-2.31%)
Volume
1,78,229
Market Cap
₹967 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
2.53 (3.68%)
Volume
16,356
Market Cap
₹136 Cr
52W Low
₹43.30
52W High
₹82.21
LTP
-0.01 (-0.23%)
Volume
8,53,015
Market Cap
₹254 Cr
52W Low
₹2.80
52W High
₹5.64
LTP
-5.15 (-2.36%)
Volume
749
Market Cap
₹111 Cr
52W Low
₹175.10
52W High
₹488.95
LTP
-0.95 (-3.36%)
Volume
10,163
Market Cap
₹9 Cr
52W Low
₹24.75
52W High
₹45.84
LTP
-1.85 (-0.93%)
Volume
976
Market Cap
₹179 Cr
52W Low
₹133.15
52W High
₹250.35
LTP
0.00 (0.00%)
Volume
12,000
Market Cap
₹115 Cr
52W Low
₹54.05
52W High
₹84.00
LTP
-18.80 (-2.03%)
Volume
1,54,110
Market Cap
₹25,852 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
-0.75 (-0.58%)
Volume
75,66,449
Market Cap
₹53,656 Cr
52W Low
₹99.15
52W High
₹139.98
LTP
-0.13 (-1.28%)
Volume
16,71,826
Market Cap
₹1,265 Cr
52W Low
₹7.06
52W High
₹12.19
LTP
1.10 (4.97%)
Volume
15
Market Cap
₹11 Cr
52W Low
₹15.00
52W High
₹23.22
LTP
0.00 (0.00%)
Volume
3,900
Market Cap
₹2 Cr
52W Low
₹0.00
52W High
₹4.00
LTP
0.10 (0.04%)
Volume
1,06,934
Market Cap
₹4,685 Cr
52W Low
₹188.15
52W High
₹322.00
LTP
-5.00 (-1.56%)
Volume
1,800
Market Cap
₹363 Cr
52W Low
₹212.00
52W High
₹469.90
LTP
0.00 (0.00%)
Volume
2,23,902
Market Cap
₹18 Cr
52W Low
₹0.73
52W High
₹3.93
LTP
-18.40 (-5.52%)
Volume
30,648
Market Cap
₹607 Cr
52W Low
₹284.70
52W High
₹530.40
LTP
-21.20 (-5.00%)
Volume
9,348
Market Cap
₹484 Cr
52W Low
₹258.00
52W High
₹625.00
LTP
-1.90 (-2.07%)
Volume
200
Market Cap
₹142 Cr
52W Low
₹75.10
52W High
₹290.00
LTP
-0.40 (-1.33%)
Volume
6,000
Market Cap
₹70 Cr
52W Low
₹28.90
52W High
₹64.90
LTP
-0.41 (-1.97%)
Volume
500
Market Cap
₹11 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
1.09 (0.63%)
Volume
3,07,66,272
Market Cap
₹2,15,720 Cr
52W Low
₹122.62
52W High
₹177.82
LTP
0.00 (0.00%)
Volume
28,55,608
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹238.05
LTP
136.20 (5.69%)
Volume
25,211
Market Cap
₹5,496 Cr
52W Low
₹2,050.00
52W High
₹3,383.00
LTP
1.99 (4.99%)
Volume
6,631
Market Cap
₹66 Cr
52W Low
₹29.75
52W High
₹95.30
LTP
0.76 (3.04%)
Volume
12,586
Market Cap
₹32 Cr
52W Low
₹11.21
52W High
₹39.60
LTP
-0.74 (-3.71%)
Volume
2,73,209
Market Cap
₹59 Cr
52W Low
₹18.80
52W High
₹32.97
LTP
-2.00 (-0.43%)
Volume
2,22,878
Market Cap
₹14,027 Cr
52W Low
₹278.55
52W High
₹488.35
LTP
0.00 (0.00%)
Volume
71
Market Cap
₹5 Cr
52W Low
₹6.02
52W High
₹11.44
LTP
6.85 (2.31%)
Volume
8,80,736
Market Cap
₹2,865 Cr
52W Low
₹178.00
52W High
₹316.50
LTP
0.68 (1.17%)
Volume
1,97,852
Market Cap
₹184 Cr
52W Low
₹33.30
52W High
₹66.84
LTP
2.00 (0.15%)
Volume
44,123
Market Cap
₹2,703 Cr
52W Low
₹1,005.30
52W High
₹1,965.00
LTP
-1.22 (-0.82%)
Volume
12,365
Market Cap
₹282 Cr
52W Low
₹125.00
52W High
₹268.80
LTP
4.50 (0.98%)
Volume
12,250
Market Cap
₹1,121 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
-1.18 (-1.65%)
Volume
2,41,165
Market Cap
₹355 Cr
52W Low
₹69.26
52W High
₹105.00
LTP
0.67 (0.46%)
Volume
22,027
Market Cap
₹477 Cr
52W Low
₹135.00
52W High
₹255.88
LTP
-1.20 (-3.12%)
Volume
2,99,474
Market Cap
₹2,544 Cr
52W Low
₹25.60
52W High
₹50.04
LTP
0.02 (4.17%)
Volume
450
Market Cap
₹0 Cr
52W Low
₹0.46
52W High
₹0.50
LTP
0.06 (0.61%)
Volume
9,97,031
Market Cap
₹139 Cr
52W Low
₹5.65
52W High
₹10.33
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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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