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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

₹ 5.08

0.17 (3.46%)

Volume

91,984

Market Cap

₹11 Cr

52W Low

₹3.26

52W High

₹6.54

LTP

₹ 9.6

-0.30 (-3.03%)

Volume

2,396

Market Cap

₹5 Cr

52W Low

₹8.26

52W High

₹12.46

LTP

₹ 36

-0.85 (-2.31%)

Volume

12,000

Market Cap

₹92 Cr

52W Low

₹23.65

52W High

₹72.00

LTP

₹ 94.36

-0.86 (-0.90%)

Volume

87,829

Market Cap

₹1,080 Cr

52W Low

₹72.14

52W High

₹151.50

LTP

₹ 186.84

3.99 (2.18%)

Volume

4,53,181

Market Cap

₹2,365 Cr

52W Low

₹148.01

52W High

₹272.00

LTP

₹ 59.48

-0.48 (-0.80%)

Volume

25,101

Market Cap

₹77 Cr

52W Low

₹53.05

52W High

₹125.90

LTP

₹ 3.5

0.00 (0.00%)

Volume

600

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹3.50

LTP

₹ 2.45

-0.39 (-13.73%)

Volume

9,13,250

Market Cap

₹112 Cr

52W Low

₹2.43

52W High

₹27.80

LTP

₹ 1.89

-0.01 (-0.53%)

Volume

4,804

Market Cap

₹27 Cr

52W Low

₹1.81

52W High

₹4.99

LTP

₹ 5.95

0.00 (0.00%)

Volume

70

Market Cap

₹3 Cr

52W Low

₹4.43

52W High

₹7.52

LTP

₹ 21.77

0.68 (3.22%)

Volume

1,157

Market Cap

₹17 Cr

52W Low

₹18.08

52W High

₹62.65

LTP

₹ 136.25

1.45 (1.08%)

Volume

7,558

Market Cap

₹546 Cr

52W Low

₹86.90

52W High

₹208.20

LTP

₹ 126.5

0.20 (0.16%)

Volume

11,633

Market Cap

₹167 Cr

52W Low

₹74.99

52W High

₹163.70

LTP

₹ 374.95

7.30 (1.99%)

Volume

40,692

Market Cap

₹5,768 Cr

52W Low

₹323.15

52W High

₹503.95

LTP

₹ 497.85

9.05 (1.85%)

Volume

3,191

Market Cap

₹932 Cr

52W Low

₹435.00

52W High

₹774.00

LTP

₹ 182.66

-1.61 (-0.87%)

Volume

73,894

Market Cap

₹1,271 Cr

52W Low

₹122.23

52W High

₹300.75

LTP

₹ 14.31

-0.04 (-0.28%)

Volume

11,263

Market Cap

₹129 Cr

52W Low

₹10.20

52W High

₹26.77

LTP

₹ 0.6

0.00 (0.00%)

Volume

6,57,502

Market Cap

₹14 Cr

52W Low

₹0.00

52W High

₹0.65

LTP

₹ 47.46

-0.69 (-1.43%)

Volume

1,46,704

Market Cap

₹1,084 Cr

52W Low

₹39.36

52W High

₹77.95

LTP

₹ 59

1.91 (3.35%)

Volume

5,290

Market Cap

₹30 Cr

52W Low

₹50.56

52W High

₹84.65

LTP

₹ 25.45

15.55 (157.07%)

Volume

500

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹26.50

LTP

₹ 157.9

8.30 (5.55%)

Volume

36,000

Market Cap

₹361 Cr

52W Low

₹73.65

52W High

₹178.80

LTP

₹ 1,351

-8.45 (-0.62%)

Volume

3,900

Market Cap

₹1,249 Cr

52W Low

₹1,111.00

52W High

₹2,210.00

LTP

₹ 24.7

1.17 (4.97%)

Volume

100

Market Cap

₹10 Cr

52W Low

₹10.33

52W High

₹24.70

LTP

₹ 203.64

1.76 (0.87%)

Volume

11,490

Market Cap

₹313 Cr

52W Low

₹185.99

52W High

₹448.95

LTP

₹ 283.45

2.35 (0.84%)

Volume

1,46,664

Market Cap

₹1,937 Cr

52W Low

₹167.00

52W High

₹369.90

LTP

₹ 7.29

0.29 (4.14%)

Volume

40,697

Market Cap

₹76 Cr

52W Low

₹6.12

52W High

₹15.84

LTP

₹ 1.55

0.00 (0.00%)

Volume

400

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹1.55

LTP

₹ 24

-0.10 (-0.41%)

Volume

3,000

Market Cap

₹29 Cr

52W Low

₹22.00

52W High

₹49.50

LTP

₹ 777.2

-12.20 (-1.55%)

Volume

9,194

Market Cap

₹1,004 Cr

52W Low

₹673.35

52W High

₹1,455.00

LTP

₹ 51.7

0.00 (0.00%)

Volume

3,200

Market Cap

₹23 Cr

52W Low

₹44.50

52W High

₹89.25

LTP

₹ 0.27

-0.01 (-3.57%)

Volume

500

Market Cap

₹6 Cr

52W Low

₹0.00

52W High

₹0.27

LTP

₹ 620.6

-21.20 (-3.30%)

Volume

2,78,759

Market Cap

₹15,488 Cr

52W Low

₹292.05

52W High

₹802.25

LTP

₹ 780.55

20.70 (2.72%)

Volume

11,330

Market Cap

₹927 Cr

52W Low

₹585.50

52W High

₹929.00

LTP

₹ 0.45

-0.02 (-4.26%)

Volume

700

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹0.45

LTP

₹ 178.65

-1.85 (-1.02%)

Volume

4,271

Market Cap

₹98 Cr

52W Low

₹156.00

52W High

₹441.20

LTP

₹ 68.7

1.08 (1.60%)

Volume

86,503

Market Cap

₹353 Cr

52W Low

₹63.19

52W High

₹147.80

LTP

₹ 216

12.89 (6.35%)

Volume

87,32,696

Market Cap

₹13,609 Cr

52W Low

₹145.75

52W High

₹253.40

LTP

₹ 998.7

14.50 (1.47%)

Volume

65,598

Market Cap

₹3,270 Cr

52W Low

₹567.75

52W High

₹1,330.00

LTP

₹ 9.73

0.00 (0.00%)

Volume

490

Market Cap

₹28 Cr

52W Low

₹6.90

52W High

₹9.73

LTP

₹ 503

9.30 (1.88%)

Volume

17,42,835

Market Cap

₹1,533 Cr

52W Low

₹320.35

52W High

₹888.75

LTP

₹ 7.26

-0.15 (-2.02%)

Volume

4,030

Market Cap

₹4 Cr

52W Low

₹5.00

52W High

₹10.98

LTP

₹ 89.47

2.09 (2.39%)

Volume

4,51,714

Market Cap

₹1,775 Cr

52W Low

₹84.80

52W High

₹210.85

LTP

₹ 184.61

3.02 (1.66%)

Volume

7,793

Market Cap

₹99 Cr

52W Low

₹160.05

52W High

₹246.65

LTP

₹ 39.46

0.48 (1.23%)

Volume

1,114

Market Cap

₹185 Cr

52W Low

₹28.50

52W High

₹55.15

LTP

₹ 12.15

0.57 (4.92%)

Volume

12,49,903

Market Cap

₹461 Cr

52W Low

₹3.17

52W High

₹12.29

LTP

₹ 2,103

43.10 (2.09%)

Volume

38,620

Market Cap

₹3,364 Cr

52W Low

₹1,110.15

52W High

₹2,400.00

LTP

₹ 120.19

0.00 (0.00%)

Volume

10,17,392

Market Cap

₹3,612 Cr

52W Low

₹68.20

52W High

₹157.90

LTP

₹ 103.94

2.20 (2.16%)

Volume

20,01,510

Market Cap

₹9,305 Cr

52W Low

₹99.06

52W High

₹236.00

LTP

₹ 222.6

2.20 (1.00%)

Volume

19,000

Market Cap

₹497 Cr

52W Low

₹178.05

52W High

₹456.00

LTP

₹ 63.29

5.75 (9.99%)

Volume

4,75,25,709

Market Cap

₹5,586 Cr

52W Low

₹28.00

52W High

₹63.29

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

₹ 757.9

10.50 (1.40%)

Volume

7,26,102

Market Cap

₹61,618 Cr

52W Low

₹496.60

52W High

₹803.00

LTP

₹ 1,005.25

12.40 (1.25%)

Volume

11,21,840

Market Cap

₹1,01,356 Cr

52W Low

₹723.35

52W High

₹1,073.70

LTP

₹ 39

0.00 (0.00%)

Volume

90,78,528

Market Cap

₹1,830 Cr

52W Low

₹0.00

52W High

₹39.15

LTP

₹ 1,074.2

-5.60 (-0.52%)

Volume

17,15,926

Market Cap

₹2,64,207 Cr

52W Low

₹880.00

52W High

₹1,088.00

LTP

₹ 71.96

2.62 (3.78%)

Volume

27,73,752

Market Cap

₹2,626 Cr

52W Low

₹59.77

52W High

₹123.75

LTP

₹ 44.8

3.20 (7.69%)

Volume

10,000

Market Cap

₹54 Cr

52W Low

₹32.60

52W High

₹55.00

LTP

₹ 869.5

-6.05 (-0.69%)

Volume

49,867

Market Cap

₹3,825 Cr

52W Low

₹666.50

52W High

₹1,277.00

LTP

₹ 29.15

-0.17 (-0.58%)

Volume

9,67,542

Market Cap

₹827 Cr

52W Low

₹25.10

52W High

₹67.30

LTP

₹ 10.01

0.50 (5.26%)

Volume

1,63,63,896

Market Cap

₹300 Cr

52W Low

₹8.36

52W High

₹58.60

LTP

₹ 48.34

1.37 (2.92%)

Volume

4,246

Market Cap

₹134 Cr

52W Low

₹24.25

52W High

₹51.88

LTP

₹ 97

-0.25 (-0.26%)

Volume

1,200

Market Cap

₹209 Cr

52W Low

₹90.50

52W High

₹223.95

LTP

₹ 34.94

-0.01 (-0.03%)

Volume

2,100

Market Cap

₹124 Cr

52W Low

₹29.20

52W High

₹56.00

LTP

₹ 452.2

0.00 (0.00%)

Volume

2,20,635

Market Cap

₹9,090 Cr

52W Low

₹0.00

52W High

₹477.95

LTP

₹ 223.25

-9.00 (-3.88%)

Volume

40,500

Market Cap

₹330 Cr

52W Low

₹196.05

52W High

₹430.00

LTP

₹ 8.93

0.00 (0.00%)

Volume

1,09,880

Market Cap

₹238 Cr

52W Low

₹7.78

52W High

₹22.98

LTP

₹ 8

0.00 (0.00%)

Volume

223

Market Cap

₹4 Cr

52W Low

₹7.59

52W High

₹15.84

LTP

₹ 357

6.30 (1.80%)

Volume

4,015

Market Cap

₹575 Cr

52W Low

₹119.22

52W High

₹376.85

LTP

₹ 80

0.00 (0.00%)

Volume

19,000

Market Cap

₹114 Cr

52W Low

₹50.55

52W High

₹98.00

LTP

₹ 403.2

12.10 (3.09%)

Volume

5,39,605

Market Cap

₹2,626 Cr

52W Low

₹201.55

52W High

₹475.00

LTP

₹ 144.48

-1.65 (-1.13%)

Volume

65,568

Market Cap

₹1,456 Cr

52W Low

₹56.70

52W High

₹171.95

LTP

₹ 59.38

0.26 (0.44%)

Volume

11,260

Market Cap

₹397 Cr

52W Low

₹43.05

52W High

₹77.14

LTP

₹ 63.15

3.00 (4.99%)

Volume

24,000

Market Cap

₹148 Cr

52W Low

₹26.25

52W High

₹80.20

LTP

₹ 185

-1.10 (-0.59%)

Volume

4,800

Market Cap

₹553 Cr

52W Low

₹128.20

52W High

₹192.00

LTP

₹ 1.83

-0.09 (-4.69%)

Volume

50,950

Market Cap

₹11 Cr

52W Low

₹0.00

52W High

₹2.00

LTP

₹ 69.8

0.47 (0.68%)

Volume

2,221

Market Cap

₹51 Cr

52W Low

₹63.50

52W High

₹101.00

LTP

₹ 9.58

-0.50 (-4.96%)

Volume

1,824

Market Cap

₹132 Cr

52W Low

₹0.00

52W High

₹9.58

LTP

₹ 17.7

-0.30 (-1.67%)

Volume

4,343

Market Cap

₹25 Cr

52W Low

₹13.21

52W High

₹36.20

LTP

₹ 32.04

0.09 (0.28%)

Volume

7,20,734

Market Cap

₹1,810 Cr

52W Low

₹21.60

52W High

₹64.52

LTP

₹ 137.89

1.31 (0.96%)

Volume

1,46,465

Market Cap

₹1,971 Cr

52W Low

₹84.40

52W High

₹177.30

LTP

₹ 16.58

0.09 (0.55%)

Volume

1,261

Market Cap

₹20 Cr

52W Low

₹14.60

52W High

₹23.46

LTP

₹ 57.49

0.00 (0.00%)

Volume

1

Market Cap

₹32 Cr

52W Low

₹47.60

52W High

₹81.31

LTP

₹ 3.95

0.00 (0.00%)

Volume

13,918

Market Cap

₹0 Cr

52W Low

₹2.90

52W High

₹5.10

LTP

₹ 34.5

-0.15 (-0.43%)

Volume

27,200

Market Cap

₹60 Cr

52W Low

₹23.35

52W High

₹90.00

LTP

₹ 39.73

0.03 (0.08%)

Volume

1,09,90,914

Market Cap

₹11,676 Cr

52W Low

₹32.13

52W High

₹56.25

LTP

₹ 14.99

0.10 (0.67%)

Volume

2,773

Market Cap

₹54 Cr

52W Low

₹11.19

52W High

₹27.50

LTP

₹ 1.85

0.00 (0.00%)

Volume

26,878

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.90

LTP

₹ 83.75

-0.50 (-0.59%)

Volume

26,680

Market Cap

₹437 Cr

52W Low

₹44.35

52W High

₹100.66

LTP

₹ 219.4

-11.50 (-4.98%)

Volume

10

Market Cap

₹654 Cr

52W Low

₹0.00

52W High

₹219.40

LTP

₹ 142.5

-7.50 (-5.00%)

Volume

10,000

Market Cap

₹113 Cr

52W Low

₹122.85

52W High

₹165.00

LTP

₹ 260

7.80 (3.09%)

Volume

807

Market Cap

₹481 Cr

52W Low

₹135.00

52W High

₹332.00

LTP

₹ 1

0.00 (0.00%)

Volume

0

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.00

LTP

₹ 260.05

4.75 (1.86%)

Volume

79,76,585

Market Cap

₹3,446 Cr

52W Low

₹135.65

52W High

₹269.00

LTP

₹ 164.8

3.71 (2.30%)

Volume

6,88,602

Market Cap

₹2,884 Cr

52W Low

₹132.51

52W High

₹237.00

LTP

₹ 5.78

-0.04 (-0.69%)

Volume

2,09,575

Market Cap

₹102 Cr

52W Low

₹5.66

52W High

₹10.18

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

₹ 68

0.00 (0.00%)

Volume

1,000

Market Cap

₹19 Cr

52W Low

₹60.55

52W High

₹116.00

LTP

₹ 43.9

-0.51 (-1.15%)

Volume

35,751

Market Cap

₹200 Cr

52W Low

₹3.05

52W High

₹57.95

LTP

₹ 329.95

3.95 (1.21%)

Volume

76,249

Market Cap

₹1,658 Cr

52W Low

₹260.00

52W High

₹622.85

LTP

₹ 10.79

0.19 (1.79%)

Volume

40,52,340

Market Cap

₹1,653 Cr

52W Low

₹8.50

52W High

₹17.55

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

₹ 31

0.84 (2.79%)

Volume

7,402

Market Cap

₹49 Cr

52W Low

₹29.00

52W High

₹59.79

LTP

₹ 27.25

1.61 (6.28%)

Volume

67,158

Market Cap

₹221 Cr

52W Low

₹24.50

52W High

₹78.20

LTP

₹ 149.88

5.22 (3.61%)

Volume

9,05,560

Market Cap

₹767 Cr

52W Low

₹115.99

52W High

₹273.97

LTP

₹ 166.35

7.90 (4.99%)

Volume

6,913

Market Cap

₹174 Cr

52W Low

₹69.00

52W High

₹180.43

LTP

₹ 17.3

0.00 (0.00%)

Volume

3,32,402

Market Cap

₹1,379 Cr

52W Low

₹11.50

52W High

₹24.61

LTP

₹ 82.74

3.94 (5.00%)

Volume

25,500

Market Cap

₹65 Cr

52W Low

₹75.05

52W High

₹168.30

LTP

₹ 35.78

-0.81 (-2.21%)

Volume

1,336

Market Cap

₹20 Cr

52W Low

₹32.00

52W High

₹64.99

LTP

₹ 30.9

0.02 (0.06%)

Volume

1,62,003

Market Cap

₹310 Cr

52W Low

₹26.00

52W High

₹59.00

LTP

₹ 15.59

-0.38 (-2.38%)

Volume

1,53,401

Market Cap

₹135 Cr

52W Low

₹14.37

52W High

₹31.18

LTP

₹ 208.7

-2.45 (-1.16%)

Volume

2,27,000

Market Cap

₹984 Cr

52W Low

₹151.00

52W High

₹249.25

LTP

₹ 7.48

0.50 (7.16%)

Volume

1,17,00,249

Market Cap

₹1,207 Cr

52W Low

₹6.91

52W High

₹23.28

LTP

₹ 125.5

3.47 (2.84%)

Volume

18,46,665

Market Cap

₹3,594 Cr

52W Low

₹96.25

52W High

₹149.40

LTP

₹ 592

10.75 (1.85%)

Volume

18,02,947

Market Cap

₹20,477 Cr

52W Low

₹325.95

52W High

₹607.75

LTP

₹ 110.73

0.89 (0.81%)

Volume

1,16,775

Market Cap

₹151 Cr

52W Low

₹97.50

52W High

₹210.50

LTP

₹ 2.45

0.00 (0.00%)

Volume

4,68,265

Market Cap

₹12 Cr

52W Low

₹0.00

52W High

₹2.55

LTP

₹ 34

0.73 (2.19%)

Volume

11,297

Market Cap

₹195 Cr

52W Low

₹30.00

52W High

₹75.00

LTP

₹ 174.9

-1.63 (-0.92%)

Volume

2,17,746

Market Cap

₹1,058 Cr

52W Low

₹135.10

52W High

₹230.85

LTP

₹ 55.79

-0.40 (-0.71%)

Volume

17,903

Market Cap

₹111 Cr

52W Low

₹43.30

52W High

₹112.99

LTP

₹ 3.32

-0.04 (-1.19%)

Volume

2,64,981

Market Cap

₹198 Cr

52W Low

₹2.80

52W High

₹6.85

LTP

₹ 265

-10.90 (-3.95%)

Volume

296

Market Cap

₹140 Cr

52W Low

₹235.00

52W High

₹539.85

LTP

₹ 30

1.02 (3.52%)

Volume

104

Market Cap

₹10 Cr

52W Low

₹27.30

52W High

₹45.84

LTP

₹ 198.8

1.55 (0.79%)

Volume

3,141

Market Cap

₹178 Cr

52W Low

₹133.15

52W High

₹258.00

LTP

₹ 59.2

-0.80 (-1.33%)

Volume

10,000

Market Cap

₹115 Cr

52W Low

₹54.05

52W High

₹84.00

LTP

₹ 946.05

-22.25 (-2.30%)

Volume

2,12,269

Market Cap

₹26,989 Cr

52W Low

₹628.25

52W High

₹1,001.00

LTP

₹ 200.8

0.00 (0.00%)

Volume

1,14,982

Market Cap

₹939 Cr

52W Low

₹0.00

52W High

₹205.30

LTP

₹ 123.22

0.78 (0.64%)

Volume

41,63,866

Market Cap

₹50,599 Cr

52W Low

₹99.15

52W High

₹144.20

LTP

₹ 10.17

-0.01 (-0.10%)

Volume

14,69,596

Market Cap

₹1,247 Cr

52W Low

₹7.06

52W High

₹14.76

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

₹ 303.2

4.35 (1.46%)

Volume

1,89,916

Market Cap

₹5,377 Cr

52W Low

₹188.15

52W High

₹322.00

LTP

₹ 391.95

17.10 (4.56%)

Volume

300

Market Cap

₹452 Cr

52W Low

₹233.05

52W High

₹450.95

LTP

₹ 1.2

0.00 (0.00%)

Volume

48,563

Market Cap

₹30 Cr

52W Low

₹1.20

52W High

₹3.93

LTP

₹ 335.55

-2.00 (-0.59%)

Volume

24,295

Market Cap

₹628 Cr

52W Low

₹297.25

52W High

₹530.40

LTP

₹ 276

1.40 (0.51%)

Volume

667

Market Cap

₹313 Cr

52W Low

₹258.35

52W High

₹625.00

LTP

₹ 99.9

2.15 (2.20%)

Volume

5,200

Market Cap

₹151 Cr

52W Low

₹75.10

52W High

₹334.00

LTP

₹ 31.5

0.75 (2.44%)

Volume

2,400

Market Cap

₹71 Cr

52W Low

₹30.30

52W High

₹81.00

LTP

₹ 19.16

-0.99 (-4.91%)

Volume

100

Market Cap

₹10 Cr

52W Low

₹12.31

52W High

₹23.43

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

₹ 159.29

1.33 (0.84%)

Volume

1,74,68,762

Market Cap

₹1,97,177 Cr

52W Low

₹122.62

52W High

₹170.18

LTP

₹ 233.3

0.00 (0.00%)

Volume

28,55,608

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹238.05

LTP

₹ 2,750.8

57.60 (2.14%)

Volume

9,348

Market Cap

₹6,185 Cr

52W Low

₹2,050.00

52W High

₹3,933.00

LTP

₹ 34

0.00 (0.00%)

Volume

2,330

Market Cap

₹57 Cr

52W Low

₹32.50

52W High

₹97.95

LTP

₹ 29.04

-0.59 (-1.99%)

Volume

51,700

Market Cap

₹38 Cr

52W Low

₹7.00

52W High

₹39.60

LTP

₹ 24.1

-0.33 (-1.35%)

Volume

4,36,188

Market Cap

₹72 Cr

52W Low

₹20.92

52W High

₹32.97

LTP

₹ 371

4.20 (1.15%)

Volume

6,38,693

Market Cap

₹11,179 Cr

52W Low

₹278.55

52W High

₹451.00

LTP

₹ 10.55

0.50 (4.98%)

Volume

50

Market Cap

₹5 Cr

52W Low

₹6.02

52W High

₹12.59

LTP

₹ 255.35

2.30 (0.91%)

Volume

35,865

Market Cap

₹2,446 Cr

52W Low

₹178.00

52W High

₹322.00

LTP

₹ 54.43

1.43 (2.70%)

Volume

57,702

Market Cap

₹167 Cr

52W Low

₹33.30

52W High

₹73.88

LTP

₹ 1,334.6

7.80 (0.59%)

Volume

27,648

Market Cap

₹2,717 Cr

52W Low

₹1,005.30

52W High

₹2,450.35

LTP

₹ 157.08

3.25 (2.11%)

Volume

7,262

Market Cap

₹292 Cr

52W Low

₹125.00

52W High

₹286.65

LTP

₹ 523

2.50 (0.48%)

Volume

21,000

Market Cap

₹1,274 Cr

52W Low

₹291.00

52W High

₹673.70

LTP

₹ 154.23

3.54 (2.35%)

Volume

27,472

Market Cap

₹498 Cr

52W Low

₹135.00

52W High

₹296.70

LTP

₹ 30.89

0.03 (0.10%)

Volume

3,41,532

Market Cap

₹2,045 Cr

52W Low

₹25.60

52W High

₹55.52

LTP

₹ 0.46

0.02 (4.55%)

Volume

50

Market Cap

₹0 Cr

52W Low

₹0.46

52W High

₹0.46

LTP

₹ 8.07

0.15 (1.89%)

Volume

36,444

Market Cap

₹113 Cr

52W Low

₹5.65

52W High

₹12.50

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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.

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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