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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
0.38 (4.00%)
Volume
917
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.75
LTP
-0.20 (-0.48%)
Volume
8,000
Market Cap
₹103 Cr
52W Low
₹23.65
52W High
₹72.00
LTP
0.35 (0.34%)
Volume
4,50,094
Market Cap
₹1,165 Cr
52W Low
₹72.14
52W High
₹151.50
LTP
-1.22 (-0.63%)
Volume
7,03,772
Market Cap
₹2,489 Cr
52W Low
₹147.10
52W High
₹272.00
LTP
-0.72 (-1.13%)
Volume
4,831
Market Cap
₹82 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
0.15 (4.93%)
Volume
1,61,524
Market Cap
₹120 Cr
52W Low
₹2.88
52W High
₹30.10
LTP
-0.02 (-1.02%)
Volume
7,449
Market Cap
₹27 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
-0.56 (-2.53%)
Volume
4,027
Market Cap
₹18 Cr
52W Low
₹18.08
52W High
₹62.65
LTP
-4.00 (-2.88%)
Volume
335
Market Cap
₹563 Cr
52W Low
₹86.90
52W High
₹208.20
LTP
-2.60 (-2.05%)
Volume
19,367
Market Cap
₹167 Cr
52W Low
₹73.50
52W High
₹163.70
LTP
-7.75 (-1.91%)
Volume
48,068
Market Cap
₹6,348 Cr
52W Low
₹323.15
52W High
₹503.95
LTP
3.15 (0.62%)
Volume
750
Market Cap
₹963 Cr
52W Low
₹435.00
52W High
₹774.00
LTP
-3.35 (-1.74%)
Volume
56,424
Market Cap
₹1,323 Cr
52W Low
₹122.23
52W High
₹300.75
LTP
-0.38 (-2.43%)
Volume
4,179
Market Cap
₹141 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
-0.65 (-1.28%)
Volume
1,02,476
Market Cap
₹1,140 Cr
52W Low
₹39.36
52W High
₹79.05
LTP
0.38 (0.68%)
Volume
1,877
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
2.50 (1.71%)
Volume
4,500
Market Cap
₹352 Cr
52W Low
₹64.00
52W High
₹178.80
LTP
36.90 (2.61%)
Volume
2,200
Market Cap
₹1,300 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
-6.01 (-2.73%)
Volume
14,492
Market Cap
₹341 Cr
52W Low
₹185.99
52W High
₹459.80
LTP
-4.55 (-1.59%)
Volume
38,026
Market Cap
₹1,966 Cr
52W Low
₹167.00
52W High
₹383.70
LTP
-0.10 (-1.31%)
Volume
37,016
Market Cap
₹83 Cr
52W Low
₹6.43
52W High
₹17.40
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
-50.10 (-4.99%)
Volume
1,612
Market Cap
₹1,268 Cr
52W Low
₹673.35
52W High
₹1,455.00
LTP
0.00 (0.00%)
Volume
1,600
Market Cap
₹22 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
8.10 (1.06%)
Volume
5,31,837
Market Cap
₹18,482 Cr
52W Low
₹288.05
52W High
₹782.90
LTP
3.10 (0.41%)
Volume
1,564
Market Cap
₹928 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
11.15 (4.92%)
Volume
5,554
Market Cap
₹123 Cr
52W Low
₹156.00
52W High
₹441.20
LTP
-0.37 (-0.54%)
Volume
30,784
Market Cap
₹359 Cr
52W Low
₹63.19
52W High
₹147.80
LTP
-0.16 (-0.08%)
Volume
9,16,404
Market Cap
₹13,073 Cr
52W Low
₹145.75
52W High
₹253.40
LTP
5.60 (0.51%)
Volume
95,824
Market Cap
₹3,682 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
-2.70 (-0.59%)
Volume
1,12,995
Market Cap
₹1,427 Cr
52W Low
₹320.35
52W High
₹888.75
LTP
0.16 (2.00%)
Volume
211
Market Cap
₹5 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
-0.92 (-1.01%)
Volume
4,31,713
Market Cap
₹1,853 Cr
52W Low
₹84.80
52W High
₹210.85
LTP
3.06 (1.49%)
Volume
6,913
Market Cap
₹110 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
0.86 (2.15%)
Volume
1,370
Market Cap
₹194 Cr
52W Low
₹28.50
52W High
₹63.62
LTP
0.44 (4.93%)
Volume
6,11,575
Market Cap
₹355 Cr
52W Low
₹3.17
52W High
₹9.36
LTP
-34.50 (-1.55%)
Volume
18,569
Market Cap
₹3,687 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
-1.20 (-1.05%)
Volume
1,51,394
Market Cap
₹10,469 Cr
52W Low
₹99.06
52W High
₹236.00
LTP
0.40 (0.16%)
Volume
6,500
Market Cap
₹570 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
2.57 (5.06%)
Volume
12,33,19,014
Market Cap
₹4,939 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
8.90 (1.31%)
Volume
4,68,965
Market Cap
₹56,086 Cr
52W Low
₹496.60
52W High
₹803.00
LTP
-17.60 (-1.79%)
Volume
3,15,829
Market Cap
₹1,00,208 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
12.80 (1.23%)
Volume
17,62,258
Market Cap
₹2,53,728 Cr
52W Low
₹854.15
52W High
₹1,074.90
LTP
-0.23 (-0.31%)
Volume
5,48,694
Market Cap
₹2,790 Cr
52W Low
₹59.77
52W High
₹123.75
LTP
0.65 (1.73%)
Volume
8,000
Market Cap
₹49 Cr
52W Low
₹32.60
52W High
₹55.00
LTP
-30.05 (-3.26%)
Volume
1,70,650
Market Cap
₹4,022 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
1.02 (3.48%)
Volume
6,52,768
Market Cap
₹824 Cr
52W Low
₹25.10
52W High
₹67.30
LTP
-0.05 (-0.52%)
Volume
55,332
Market Cap
₹300 Cr
52W Low
₹9.10
52W High
₹58.60
LTP
-1.47 (-3.06%)
Volume
495
Market Cap
₹136 Cr
52W Low
₹24.25
52W High
₹51.88
LTP
-0.20 (-0.20%)
Volume
7,200
Market Cap
₹220 Cr
52W Low
₹90.50
52W High
₹247.00
LTP
1.35 (3.94%)
Volume
601
Market Cap
₹122 Cr
52W Low
₹29.20
52W High
₹56.00
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹9,616 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
1.90 (0.80%)
Volume
3,000
Market Cap
₹338 Cr
52W Low
₹196.05
52W High
₹430.00
LTP
-0.32 (-3.33%)
Volume
1,94,814
Market Cap
₹256 Cr
52W Low
₹7.78
52W High
₹22.98
LTP
-0.41 (-4.83%)
Volume
1,124
Market Cap
₹4 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
-5.15 (-1.44%)
Volume
1,068
Market Cap
₹588 Cr
52W Low
₹100.00
52W High
₹375.00
LTP
-0.51 (-0.62%)
Volume
5,000
Market Cap
₹117 Cr
52W Low
₹50.55
52W High
₹106.00
LTP
-4.25 (-0.93%)
Volume
1,63,754
Market Cap
₹3,093 Cr
52W Low
₹201.55
52W High
₹484.40
LTP
2.01 (1.24%)
Volume
1,31,574
Market Cap
₹1,612 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
3.28 (4.99%)
Volume
1,40,495
Market Cap
₹426 Cr
52W Low
₹43.05
52W High
₹77.14
LTP
-1.45 (-1.97%)
Volume
16,000
Market Cap
₹181 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
0.30 (0.16%)
Volume
2,400
Market Cap
₹548 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
3.78 (5.47%)
Volume
3,408
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
-0.39 (-2.15%)
Volume
446
Market Cap
₹25 Cr
52W Low
₹13.21
52W High
₹36.20
LTP
3.14 (10.00%)
Volume
36,51,496
Market Cap
₹1,784 Cr
52W Low
₹21.60
52W High
₹64.52
LTP
-1.67 (-1.13%)
Volume
2,05,540
Market Cap
₹2,128 Cr
52W Low
₹84.40
52W High
₹187.65
LTP
-0.41 (-2.46%)
Volume
1,121
Market Cap
₹19 Cr
52W Low
₹14.60
52W High
₹25.98
LTP
0.00 (0.00%)
Volume
7
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
0.00 (0.00%)
Volume
1,600
Market Cap
₹48 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
-0.35 (-0.94%)
Volume
9,72,306
Market Cap
₹10,934 Cr
52W Low
₹32.13
52W High
₹59.59
LTP
0.88 (6.06%)
Volume
3,197
Market Cap
₹52 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
0.28 (0.32%)
Volume
11,978
Market Cap
₹461 Cr
52W Low
₹43.25
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
3,000
Market Cap
₹118 Cr
52W Low
₹122.85
52W High
₹165.00
LTP
-2.50 (-0.97%)
Volume
2,079
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
9.84 (4.20%)
Volume
5,47,521
Market Cap
₹3,161 Cr
52W Low
₹135.65
52W High
₹265.20
LTP
-0.97 (-0.54%)
Volume
2,89,372
Market Cap
₹3,207 Cr
52W Low
₹132.51
52W High
₹237.00
LTP
0.16 (2.77%)
Volume
96,775
Market Cap
₹101 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
0.08 (0.18%)
Volume
1,10,207
Market Cap
₹196 Cr
52W Low
₹3.00
52W High
₹57.95
LTP
-2.95 (-0.75%)
Volume
10,781
Market Cap
₹1,993 Cr
52W Low
₹260.00
52W High
₹629.25
LTP
-0.06 (-0.54%)
Volume
25,59,902
Market Cap
₹1,716 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
-0.81 (-2.40%)
Volume
868
Market Cap
₹55 Cr
52W Low
₹30.00
52W High
₹59.79
LTP
-0.48 (-1.71%)
Volume
35,359
Market Cap
₹242 Cr
52W Low
₹24.50
52W High
₹97.81
LTP
1.06 (0.75%)
Volume
2,24,786
Market Cap
₹753 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
21.39 (14.23%)
Volume
1,65,012
Market Cap
₹165 Cr
52W Low
₹69.00
52W High
₹180.43
LTP
0.20 (1.19%)
Volume
2,95,889
Market Cap
₹1,336 Cr
52W Low
₹11.20
52W High
₹24.61
LTP
-3.00 (-3.51%)
Volume
19,500
Market Cap
₹68 Cr
52W Low
₹76.79
52W High
₹168.30
LTP
0.39 (1.01%)
Volume
6
Market Cap
₹21 Cr
52W Low
₹33.00
52W High
₹64.99
LTP
-0.81 (-2.26%)
Volume
18,910
Market Cap
₹360 Cr
52W Low
₹26.00
52W High
₹75.00
LTP
1.61 (10.27%)
Volume
7,33,680
Market Cap
₹133 Cr
52W Low
₹15.15
52W High
₹31.18
LTP
1.90 (0.85%)
Volume
51,000
Market Cap
₹1,047 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
-0.02 (-0.28%)
Volume
28,16,796
Market Cap
₹1,248 Cr
52W Low
₹7.03
52W High
₹23.28
LTP
1.49 (1.17%)
Volume
26,02,783
Market Cap
₹3,770 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
3.45 (0.77%)
Volume
1,04,365
Market Cap
₹15,753 Cr
52W Low
₹245.00
52W High
₹563.45
LTP
-2.51 (-2.10%)
Volume
12,917
Market Cap
₹163 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
-0.02 (-0.05%)
Volume
510
Market Cap
₹217 Cr
52W Low
₹30.00
52W High
₹75.00
LTP
-2.55 (-1.28%)
Volume
1,82,609
Market Cap
₹1,196 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
-0.50 (-0.83%)
Volume
22,677
Market Cap
₹119 Cr
52W Low
₹43.30
52W High
₹112.99
LTP
-0.05 (-1.31%)
Volume
69,029
Market Cap
₹229 Cr
52W Low
₹2.80
52W High
₹7.37
LTP
10.75 (3.80%)
Volume
22
Market Cap
₹144 Cr
52W Low
₹235.00
52W High
₹609.80
LTP
2.07 (7.03%)
Volume
1
Market Cap
₹10 Cr
52W Low
₹27.30
52W High
₹45.84
LTP
5.85 (2.92%)
Volume
2,704
Market Cap
₹180 Cr
52W Low
₹133.15
52W High
₹294.00
LTP
0.00 (0.00%)
Volume
12,000
Market Cap
₹123 Cr
52W Low
₹60.15
52W High
₹84.00
LTP
5.10 (0.52%)
Volume
2,50,524
Market Cap
₹27,494 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
0.10 (0.08%)
Volume
49,83,228
Market Cap
₹51,280 Cr
52W Low
₹99.15
52W High
₹156.35
LTP
-0.19 (-1.75%)
Volume
10,04,972
Market Cap
₹1,329 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
-4.45 (-1.53%)
Volume
1,24,262
Market Cap
₹5,229 Cr
52W Low
₹188.15
52W High
₹322.00
LTP
17.10 (4.56%)
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
-3.90 (-1.09%)
Volume
19,644
Market Cap
₹659 Cr
52W Low
₹297.25
52W High
₹530.40
LTP
-9.60 (-3.44%)
Volume
1,567
Market Cap
₹319 Cr
52W Low
₹268.50
52W High
₹669.20
LTP
0.00 (0.00%)
Volume
400
Market Cap
₹147 Cr
52W Low
₹94.90
52W High
₹359.00
LTP
-0.60 (-1.90%)
Volume
2,400
Market Cap
₹73 Cr
52W Low
₹30.75
52W High
₹81.00
LTP
0.81 (4.96%)
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
-0.19 (-0.12%)
Volume
1,48,81,765
Market Cap
₹2,01,422 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
-161.60 (-4.91%)
Volume
18,755
Market Cap
₹7,576 Cr
52W Low
₹2,050.00
52W High
₹3,933.00
LTP
-1.06 (-2.90%)
Volume
3,340
Market Cap
₹61 Cr
52W Low
₹32.50
52W High
₹103.81
LTP
0.64 (1.99%)
Volume
6,145
Market Cap
₹42 Cr
52W Low
₹6.42
52W High
₹39.60
LTP
-0.02 (-0.08%)
Volume
1,63,146
Market Cap
₹74 Cr
52W Low
₹20.92
52W High
₹34.50
LTP
4.30 (1.14%)
Volume
1,98,476
Market Cap
₹11,524 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
0.65 (0.24%)
Volume
48,223
Market Cap
₹2,602 Cr
52W Low
₹178.00
52W High
₹322.00
LTP
0.95 (1.77%)
Volume
13,211
Market Cap
₹172 Cr
52W Low
₹33.30
52W High
₹73.88
LTP
1.60 (0.11%)
Volume
22,994
Market Cap
₹2,892 Cr
52W Low
₹1,005.30
52W High
₹2,450.35
LTP
2.87 (1.79%)
Volume
12,701
Market Cap
₹305 Cr
52W Low
₹125.00
52W High
₹286.65
LTP
9.90 (1.82%)
Volume
7,000
Market Cap
₹1,334 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
-1.18 (-0.71%)
Volume
6,488
Market Cap
₹553 Cr
52W Low
₹135.00
52W High
₹296.70
LTP
0.08 (0.24%)
Volume
3,64,801
Market Cap
₹2,188 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
-0.23 (-2.67%)
Volume
56,902
Market Cap
₹123 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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