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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

₹ 10.09

0.58 (6.10%)

Volume

1,967

Market Cap

₹5 Cr

52W Low

₹8.26

52W High

₹12.75

LTP

₹ 41

0.00 (0.00%)

Volume

10,000

Market Cap

₹102 Cr

52W Low

₹23.65

52W High

₹72.00

LTP

₹ 102.38

0.00 (0.00%)

Volume

6,52,863

Market Cap

₹1,156 Cr

52W Low

₹72.14

52W High

₹151.50

LTP

₹ 189.03

-4.02 (-2.08%)

Volume

11,43,361

Market Cap

₹2,443 Cr

52W Low

₹147.10

52W High

₹272.00

LTP

₹ 62.97

-0.73 (-1.15%)

Volume

12,088

Market Cap

₹81 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

₹ 3.18

0.14 (4.61%)

Volume

1,81,277

Market Cap

₹126 Cr

52W Low

₹2.88

52W High

₹30.00

LTP

₹ 1.96

0.00 (0.00%)

Volume

8,394

Market Cap

₹28 Cr

52W Low

₹1.85

52W High

₹5.39

LTP

₹ 6

-0.27 (-4.31%)

Volume

460

Market Cap

₹3 Cr

52W Low

₹4.43

52W High

₹7.52

LTP

₹ 20.18

-1.98 (-8.94%)

Volume

10,069

Market Cap

₹16 Cr

52W Low

₹18.08

52W High

₹62.65

LTP

₹ 135.1

-3.90 (-2.81%)

Volume

571

Market Cap

₹547 Cr

52W Low

₹86.90

52W High

₹208.20

LTP

₹ 122

-4.60 (-3.63%)

Volume

32,304

Market Cap

₹161 Cr

52W Low

₹73.50

52W High

₹163.70

LTP

₹ 396.7

0.00 (0.00%)

Volume

60,722

Market Cap

₹6,204 Cr

52W Low

₹323.15

52W High

₹503.95

LTP

₹ 512.2

3.45 (0.68%)

Volume

0

Market Cap

₹970 Cr

52W Low

₹0.00

52W High

₹774.00

LTP

₹ 186.83

0.00 (0.00%)

Volume

90,091

Market Cap

₹1,282 Cr

52W Low

₹122.23

52W High

₹300.75

LTP

₹ 15

-0.62 (-3.97%)

Volume

36,152

Market Cap

₹135 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

₹ 49.39

-1.27 (-2.51%)

Volume

1,53,669

Market Cap

₹1,112 Cr

52W Low

₹39.36

52W High

₹79.05

LTP

₹ 56.68

0.66 (1.18%)

Volume

1,930

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

₹ 148.5

0.00 (0.00%)

Volume

7,500

Market Cap

₹358 Cr

52W Low

₹64.00

52W High

₹178.80

LTP

₹ 1,420.65

5.55 (0.39%)

Volume

4,600

Market Cap

₹1,305 Cr

52W Low

₹1,111.00

52W High

₹2,210.00

LTP

₹ 13.8

0.65 (4.94%)

Volume

100

Market Cap

₹6 Cr

52W Low

₹10.33

52W High

₹13.80

LTP

₹ 213.31

-7.18 (-3.26%)

Volume

20,177

Market Cap

₹331 Cr

52W Low

₹185.99

52W High

₹459.80

LTP

₹ 279.45

-6.35 (-2.22%)

Volume

60,242

Market Cap

₹1,919 Cr

52W Low

₹167.00

52W High

₹379.00

LTP

₹ 7.44

-0.20 (-2.62%)

Volume

51,059

Market Cap

₹81 Cr

52W Low

₹6.43

52W High

₹17.40

LTP

₹ 1.55

0.00 (0.00%)

Volume

400

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹1.55

LTP

₹ 22.51

0.00 (0.00%)

Volume

3,000

Market Cap

₹28 Cr

52W Low

₹22.51

52W High

₹49.50

LTP

₹ 953.3

-50.10 (-4.99%)

Volume

1,692

Market Cap

₹1,204 Cr

52W Low

₹673.35

52W High

₹1,455.00

LTP

₹ 50.2

0.00 (0.00%)

Volume

1,600

Market Cap

₹22 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

₹ 766.2

0.00 (0.00%)

Volume

7,27,658

Market Cap

₹18,509 Cr

52W Low

₹288.05

52W High

₹782.90

LTP

₹ 769.05

0.00 (0.00%)

Volume

5,107

Market Cap

₹933 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

₹ 226

0.00 (0.00%)

Volume

0

Market Cap

₹122 Cr

52W Low

₹0.00

52W High

₹441.20

LTP

₹ 67.41

-1.25 (-1.82%)

Volume

47,391

Market Cap

₹352 Cr

52W Low

₹63.19

52W High

₹147.80

LTP

₹ 194.19

-1.18 (-0.60%)

Volume

12,70,820

Market Cap

₹12,996 Cr

52W Low

₹145.75

52W High

₹253.40

LTP

₹ 1,106.2

-2.50 (-0.23%)

Volume

1,34,641

Market Cap

₹3,691 Cr

52W Low

₹567.75

52W High

₹1,330.00

LTP

₹ 9.73

0.00 (0.00%)

Volume

12,602

Market Cap

₹28 Cr

52W Low

₹6.90

52W High

₹9.73

LTP

₹ 450.75

-9.45 (-2.05%)

Volume

1,59,176

Market Cap

₹1,396 Cr

52W Low

₹320.35

52W High

₹888.75

LTP

₹ 8.18

0.16 (2.00%)

Volume

264

Market Cap

₹5 Cr

52W Low

₹5.00

52W High

₹10.98

LTP

₹ 90.14

0.00 (0.00%)

Volume

15,40,149

Market Cap

₹1,831 Cr

52W Low

₹84.80

52W High

₹210.85

LTP

₹ 206.95

0.00 (0.00%)

Volume

23,027

Market Cap

₹112 Cr

52W Low

₹160.05

52W High

₹246.65

LTP

₹ 40

-0.03 (-0.07%)

Volume

1,833

Market Cap

₹191 Cr

52W Low

₹28.50

52W High

₹63.62

LTP

₹ 9.36

0.44 (4.93%)

Volume

8,77,398

Market Cap

₹373 Cr

52W Low

₹3.17

52W High

₹9.36

LTP

₹ 2,190.6

-38.90 (-1.74%)

Volume

39,872

Market Cap

₹3,665 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

₹ 112.32

0.00 (0.00%)

Volume

2,58,914

Market Cap

₹10,240 Cr

52W Low

₹99.06

52W High

₹236.00

LTP

₹ 249.25

0.00 (0.00%)

Volume

19,500

Market Cap

₹563 Cr

52W Low

₹178.05

52W High

₹456.00

LTP

₹ 52.61

0.00 (0.00%)

Volume

18,44,06,717

Market Cap

₹5,096 Cr

52W Low

₹28.00

52W High

₹55.50

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

₹ 694.1

13.00 (1.91%)

Volume

11,74,268

Market Cap

₹57,194 Cr

52W Low

₹496.60

52W High

₹803.00

LTP

₹ 965

-17.85 (-1.82%)

Volume

21,14,119

Market Cap

₹98,444 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

₹ 1,048.3

10.40 (1.00%)

Volume

31,44,726

Market Cap

₹2,56,186 Cr

52W Low

₹854.15

52W High

₹1,074.90

LTP

₹ 71.28

-1.81 (-2.48%)

Volume

10,65,222

Market Cap

₹2,717 Cr

52W Low

₹59.77

52W High

₹123.75

LTP

₹ 43.05

0.00 (0.00%)

Volume

1,46,000

Market Cap

₹56 Cr

52W Low

₹32.60

52W High

₹55.00

LTP

₹ 890.05

-31.65 (-3.43%)

Volume

2,49,891

Market Cap

₹3,888 Cr

52W Low

₹666.50

52W High

₹1,277.00

LTP

₹ 30.18

0.90 (3.07%)

Volume

25,47,227

Market Cap

₹851 Cr

52W Low

₹25.10

52W High

₹67.30

LTP

₹ 9.42

0.00 (0.00%)

Volume

1,22,854

Market Cap

₹297 Cr

52W Low

₹9.10

52W High

₹58.60

LTP

₹ 47.92

-0.05 (-0.10%)

Volume

3,987

Market Cap

₹136 Cr

52W Low

₹24.25

52W High

₹51.88

LTP

₹ 102.3

0.00 (0.00%)

Volume

9,600

Market Cap

₹220 Cr

52W Low

₹90.50

52W High

₹247.00

LTP

₹ 34.51

0.26 (0.76%)

Volume

604

Market Cap

₹123 Cr

52W Low

₹29.20

52W High

₹56.00

LTP

₹ 452.2

0.00 (0.00%)

Volume

2,20,635

Market Cap

₹10,022 Cr

52W Low

₹0.00

52W High

₹477.95

LTP

₹ 241.45

0.00 (0.00%)

Volume

9,500

Market Cap

₹343 Cr

52W Low

₹196.05

52W High

₹430.00

LTP

₹ 9.16

0.00 (0.00%)

Volume

3,36,923

Market Cap

₹244 Cr

52W Low

₹7.78

52W High

₹22.98

LTP

₹ 8.1

-0.39 (-4.59%)

Volume

1,995

Market Cap

₹4 Cr

52W Low

₹7.59

52W High

₹15.84

LTP

₹ 357.15

0.00 (0.00%)

Volume

1,962

Market Cap

₹589 Cr

52W Low

₹100.00

52W High

₹375.00

LTP

₹ 82

-0.51 (-0.62%)

Volume

25,000

Market Cap

₹117 Cr

52W Low

₹50.55

52W High

₹106.00

LTP

₹ 447.5

0.00 (0.00%)

Volume

3,05,605

Market Cap

₹3,009 Cr

52W Low

₹201.55

52W High

₹484.40

LTP

₹ 162.58

0.00 (0.00%)

Volume

1,88,493

Market Cap

₹1,624 Cr

52W Low

₹56.70

52W High

₹171.95

LTP

₹ 67.79

0.00 (0.00%)

Volume

1,64,001

Market Cap

₹448 Cr

52W Low

₹43.05

52W High

₹77.14

LTP

₹ 72.05

0.00 (0.00%)

Volume

16,000

Market Cap

₹178 Cr

52W Low

₹26.25

52W High

₹80.20

LTP

₹ 188

0.00 (0.00%)

Volume

18,000

Market Cap

₹558 Cr

52W Low

₹126.15

52W High

₹190.00

LTP

₹ 1.83

-0.09 (-4.69%)

Volume

50,950

Market Cap

₹11 Cr

52W Low

₹0.00

52W High

₹2.00

LTP

₹ 71.84

2.72 (3.94%)

Volume

4,363

Market Cap

₹53 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

₹ 18.48

0.92 (5.24%)

Volume

0

Market Cap

₹24 Cr

52W Low

₹0.00

52W High

₹36.20

LTP

₹ 34.54

0.00 (0.00%)

Volume

37,77,650

Market Cap

₹1,962 Cr

52W Low

₹21.60

52W High

₹64.52

LTP

₹ 142.73

-4.89 (-3.31%)

Volume

3,37,711

Market Cap

₹2,056 Cr

52W Low

₹84.40

52W High

₹187.40

LTP

₹ 15.53

-0.71 (-4.37%)

Volume

128

Market Cap

₹18 Cr

52W Low

₹14.60

52W High

₹25.98

LTP

₹ 50.1

-0.90 (-1.76%)

Volume

141

Market Cap

₹28 Cr

52W Low

₹49.40

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

₹ 29.05

0.00 (0.00%)

Volume

3,200

Market Cap

₹50 Cr

52W Low

₹23.35

52W High

₹90.00

LTP

₹ 36.57

-0.73 (-1.96%)

Volume

17,74,199

Market Cap

₹10,735 Cr

52W Low

₹32.13

52W High

₹59.59

LTP

₹ 15.22

0.70 (4.82%)

Volume

3,811

Market Cap

₹55 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

₹ 89.89

0.00 (0.00%)

Volume

23,857

Market Cap

₹463 Cr

52W Low

₹43.25

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

₹ 158.9

0.00 (0.00%)

Volume

4,000

Market Cap

₹120 Cr

52W Low

₹122.85

52W High

₹165.00

LTP

₹ 256.5

-2.50 (-0.97%)

Volume

2,079

Market Cap

₹489 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

₹ 239.89

5.57 (2.38%)

Volume

8,39,198

Market Cap

₹3,235 Cr

52W Low

₹135.65

52W High

₹265.20

LTP

₹ 176.64

0.00 (0.00%)

Volume

4,89,377

Market Cap

₹3,156 Cr

52W Low

₹132.51

52W High

₹237.00

LTP

₹ 5.85

0.07 (1.21%)

Volume

1,49,950

Market Cap

₹102 Cr

52W Low

₹5.66

52W High

₹11.11

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

₹ 69.8

0.00 (0.00%)

Volume

2,000

Market Cap

₹20 Cr

52W Low

₹60.55

52W High

₹116.00

LTP

₹ 42.94

-0.45 (-1.04%)

Volume

1,25,878

Market Cap

₹194 Cr

52W Low

₹3.00

52W High

₹57.95

LTP

₹ 386.9

0.00 (0.00%)

Volume

30,975

Market Cap

₹1,963 Cr

52W Low

₹260.00

52W High

₹629.25

LTP

₹ 10.96

-0.06 (-0.54%)

Volume

40,51,936

Market Cap

₹1,708 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

₹ 32.84

-0.95 (-2.81%)

Volume

1,393

Market Cap

₹54 Cr

52W Low

₹30.00

52W High

₹59.79

LTP

₹ 27.67

-0.37 (-1.32%)

Volume

43,938

Market Cap

₹239 Cr

52W Low

₹24.50

52W High

₹84.09

LTP

₹ 140.04

0.00 (0.00%)

Volume

3,99,399

Market Cap

₹744 Cr

52W Low

₹115.99

52W High

₹273.97

LTP

₹ 168.6

18.24 (12.13%)

Volume

1,92,306

Market Cap

₹185 Cr

52W Low

₹69.00

52W High

₹180.43

LTP

₹ 17.21

0.45 (2.68%)

Volume

11,35,251

Market Cap

₹1,371 Cr

52W Low

₹11.20

52W High

₹24.61

LTP

₹ 82.5

-3.00 (-3.51%)

Volume

19,500

Market Cap

₹68 Cr

52W Low

₹76.79

52W High

₹168.30

LTP

₹ 36.31

-2.15 (-5.59%)

Volume

1,411

Market Cap

₹20 Cr

52W Low

₹33.00

52W High

₹64.99

LTP

₹ 34.44

-1.48 (-4.12%)

Volume

86,238

Market Cap

₹346 Cr

52W Low

₹26.00

52W High

₹75.00

LTP

₹ 17.22

0.00 (0.00%)

Volume

11,43,184

Market Cap

₹146 Cr

52W Low

₹15.15

52W High

₹31.18

LTP

₹ 225.25

0.65 (0.29%)

Volume

95,000

Market Cap

₹1,050 Cr

52W Low

₹151.00

52W High

₹249.25

LTP

₹ 7.15

-0.08 (-1.11%)

Volume

50,05,691

Market Cap

₹1,233 Cr

52W Low

₹7.03

52W High

₹23.28

LTP

₹ 127.71

0.00 (0.00%)

Volume

36,00,860

Market Cap

₹3,766 Cr

52W Low

₹96.25

52W High

₹149.40

LTP

₹ 447.5

0.60 (0.13%)

Volume

2,14,624

Market Cap

₹15,771 Cr

52W Low

₹245.00

52W High

₹563.45

LTP

₹ 114.9

0.00 (0.00%)

Volume

16,117

Market Cap

₹158 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

₹ 36.8

-0.20 (-0.54%)

Volume

3,310

Market Cap

₹216 Cr

52W Low

₹30.00

52W High

₹75.00

LTP

₹ 194.47

0.00 (0.00%)

Volume

2,87,814

Market Cap

₹1,163 Cr

52W Low

₹135.10

52W High

₹230.85

LTP

₹ 58.95

0.00 (0.00%)

Volume

28,119

Market Cap

₹117 Cr

52W Low

₹43.30

52W High

₹112.99

LTP

₹ 3.83

0.00 (0.00%)

Volume

17,84,139

Market Cap

₹230 Cr

52W Low

₹2.80

52W High

₹7.37

LTP

₹ 283

0.40 (0.14%)

Volume

51

Market Cap

₹144 Cr

52W Low

₹235.00

52W High

₹609.80

LTP

₹ 29.1

-0.33 (-1.12%)

Volume

145

Market Cap

₹10 Cr

52W Low

₹27.30

52W High

₹45.84

LTP

₹ 194.9

-5.15 (-2.57%)

Volume

6,976

Market Cap

₹175 Cr

52W Low

₹133.15

52W High

₹294.00

LTP

₹ 64.85

0.70 (1.09%)

Volume

16,000

Market Cap

₹124 Cr

52W Low

₹60.15

52W High

₹84.00

LTP

₹ 986.6

1.00 (0.10%)

Volume

3,52,494

Market Cap

₹27,514 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

₹ 124.2

0.04 (0.03%)

Volume

1,33,87,143

Market Cap

₹51,239 Cr

52W Low

₹99.15

52W High

₹156.35

LTP

₹ 10.74

-0.10 (-0.92%)

Volume

18,24,018

Market Cap

₹1,314 Cr

52W Low

₹7.06

52W High

₹15.80

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

₹ 288.4

-1.90 (-0.65%)

Volume

2,27,838

Market Cap

₹5,199 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

₹839.00

LTP

₹ 1.42

0.00 (0.00%)

Volume

1,02,899

Market Cap

₹35 Cr

52W Low

₹1.42

52W High

₹3.93

LTP

₹ 356.05

-3.10 (-0.86%)

Volume

24,225

Market Cap

₹651 Cr

52W Low

₹297.25

52W High

₹530.40

LTP

₹ 274

-5.40 (-1.93%)

Volume

2,214

Market Cap

₹312 Cr

52W Low

₹268.50

52W High

₹669.20

LTP

₹ 94.7

-0.50 (-0.53%)

Volume

1,400

Market Cap

₹146 Cr

52W Low

₹93.60

52W High

₹359.00

LTP

₹ 31

-0.60 (-1.90%)

Volume

2,400

Market Cap

₹72 Cr

52W Low

₹30.75

52W High

₹81.00

LTP

₹ 17.13

0.81 (4.96%)

Volume

100

Market Cap

₹9 Cr

52W Low

₹12.31

52W High

₹22.82

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

₹ 157.94

-3.42 (-2.12%)

Volume

2,62,13,891

Market Cap

₹1,96,990 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

₹ 3,120.2

0.00 (0.00%)

Volume

28,902

Market Cap

₹7,171 Cr

52W Low

₹2,050.00

52W High

₹3,933.00

LTP

₹ 36.5

-0.07 (-0.19%)

Volume

9,940

Market Cap

₹61 Cr

52W Low

₹32.50

52W High

₹99.00

LTP

₹ 32.79

0.64 (1.99%)

Volume

6,710

Market Cap

₹42 Cr

52W Low

₹6.42

52W High

₹39.60

LTP

₹ 25.5

0.45 (1.80%)

Volume

0

Market Cap

₹74 Cr

52W Low

₹0.00

52W High

₹34.05

LTP

₹ 377.65

-0.45 (-0.12%)

Volume

3,33,216

Market Cap

₹11,493 Cr

52W Low

₹278.55

52W High

₹451.00

LTP

₹ 8.97

-0.01 (-0.11%)

Volume

11

Market Cap

₹4 Cr

52W Low

₹6.02

52W High

₹12.59

LTP

₹ 269.6

1.55 (0.58%)

Volume

75,117

Market Cap

₹2,600 Cr

52W Low

₹178.00

52W High

₹322.00

LTP

₹ 53.39

0.00 (0.00%)

Volume

20,759

Market Cap

₹167 Cr

52W Low

₹33.30

52W High

₹73.88

LTP

₹ 1,397.5

-18.20 (-1.29%)

Volume

47,250

Market Cap

₹2,863 Cr

52W Low

₹1,005.30

52W High

₹2,450.35

LTP

₹ 162.54

0.00 (0.00%)

Volume

16,473

Market Cap

₹309 Cr

52W Low

₹125.00

52W High

₹286.65

LTP

₹ 546.5

0.00 (0.00%)

Volume

9,250

Market Cap

₹1,338 Cr

52W Low

₹291.00

52W High

₹673.70

LTP

₹ 164.62

0.00 (0.00%)

Volume

15,753

Market Cap

₹545 Cr

52W Low

₹135.00

52W High

₹296.70

LTP

₹ 33.01

-0.01 (-0.03%)

Volume

4,73,971

Market Cap

₹2,187 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

₹ 8.43

0.00 (0.00%)

Volume

66,328

Market Cap

₹120 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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