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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
-0.01 (-0.10%)
Volume
2,571
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.46
LTP
0.50 (1.33%)
Volume
16,000
Market Cap
₹93 Cr
52W Low
₹23.65
52W High
₹72.00
LTP
-0.06 (-0.07%)
Volume
71,801
Market Cap
₹978 Cr
52W Low
₹72.14
52W High
₹151.50
LTP
-2.40 (-1.39%)
Volume
5,27,675
Market Cap
₹2,240 Cr
52W Low
₹148.01
52W High
₹272.00
LTP
-0.07 (-0.12%)
Volume
26,027
Market Cap
₹73 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
0.05 (2.72%)
Volume
1,71,021
Market Cap
₹73 Cr
52W Low
₹1.76
52W High
₹26.22
LTP
0.05 (2.78%)
Volume
6,153
Market Cap
₹27 Cr
52W Low
₹1.75
52W High
₹4.99
LTP
-0.26 (-4.63%)
Volume
16
Market Cap
₹3 Cr
52W Low
₹4.43
52W High
₹7.52
LTP
-0.29 (-1.30%)
Volume
168
Market Cap
₹18 Cr
52W Low
₹18.08
52W High
₹62.65
LTP
3.95 (3.04%)
Volume
1,015
Market Cap
₹526 Cr
52W Low
₹86.90
52W High
₹208.20
LTP
-2.10 (-1.67%)
Volume
15,142
Market Cap
₹166 Cr
52W Low
₹75.02
52W High
₹163.70
LTP
-5.70 (-1.57%)
Volume
53,042
Market Cap
₹5,665 Cr
52W Low
₹323.15
52W High
₹503.95
LTP
-2.40 (-0.49%)
Volume
1,753
Market Cap
₹938 Cr
52W Low
₹435.00
52W High
₹774.00
LTP
-2.53 (-1.46%)
Volume
53,100
Market Cap
₹1,194 Cr
52W Low
₹122.23
52W High
₹300.75
LTP
-0.18 (-1.32%)
Volume
4,400
Market Cap
₹123 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
-0.66 (-1.40%)
Volume
82,701
Market Cap
₹1,063 Cr
52W Low
₹39.36
52W High
₹77.45
LTP
2.05 (3.74%)
Volume
306
Market Cap
₹29 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
0.00 (0.00%)
Volume
26,250
Market Cap
₹362 Cr
52W Low
₹96.10
52W High
₹178.80
LTP
11.80 (0.92%)
Volume
7,500
Market Cap
₹1,174 Cr
52W Low
₹1,111.00
52W High
₹2,210.00
LTP
0.57 (1.99%)
Volume
100
Market Cap
₹13 Cr
52W Low
₹10.33
52W High
₹29.16
LTP
2.32 (1.05%)
Volume
19,844
Market Cap
₹341 Cr
52W Low
₹185.99
52W High
₹448.95
LTP
1.85 (0.70%)
Volume
70,105
Market Cap
₹1,838 Cr
52W Low
₹167.00
52W High
₹360.00
LTP
0.38 (6.15%)
Volume
1,94,172
Market Cap
₹67 Cr
52W Low
₹5.95
52W High
₹14.99
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
₹22.00
52W High
₹49.50
LTP
-25.25 (-2.88%)
Volume
23,515
Market Cap
₹1,115 Cr
52W Low
₹673.35
52W High
₹1,455.00
LTP
0.00 (0.00%)
Volume
4,800
Market Cap
₹21 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
-6.50 (-1.12%)
Volume
1,37,480
Market Cap
₹14,029 Cr
52W Low
₹292.05
52W High
₹802.25
LTP
12.85 (1.54%)
Volume
8,770
Market Cap
₹1,020 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
0.20 (0.11%)
Volume
1,820
Market Cap
₹97 Cr
52W Low
₹156.00
52W High
₹441.20
LTP
-0.51 (-0.74%)
Volume
35,812
Market Cap
₹359 Cr
52W Low
₹63.19
52W High
₹147.80
LTP
-0.02 (-0.01%)
Volume
13,20,685
Market Cap
₹15,544 Cr
52W Low
₹145.75
52W High
₹253.40
LTP
31.30 (2.70%)
Volume
5,00,135
Market Cap
₹3,851 Cr
52W Low
₹567.75
52W High
₹1,330.00
LTP
0.00 (0.00%)
Volume
27,521
Market Cap
₹30 Cr
52W Low
₹6.90
52W High
₹9.73
LTP
1.70 (0.35%)
Volume
1,85,325
Market Cap
₹1,490 Cr
52W Low
₹320.35
52W High
₹888.75
LTP
0.35 (4.22%)
Volume
19,473
Market Cap
₹5 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
-0.39 (-0.45%)
Volume
3,80,702
Market Cap
₹1,756 Cr
52W Low
₹84.80
52W High
₹210.85
LTP
2.49 (1.34%)
Volume
1,312
Market Cap
₹100 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
0.56 (1.39%)
Volume
4,370
Market Cap
₹189 Cr
52W Low
₹28.50
52W High
₹55.15
LTP
-0.24 (-1.94%)
Volume
42,009
Market Cap
₹492 Cr
52W Low
₹3.17
52W High
₹13.64
LTP
20.00 (0.97%)
Volume
13,449
Market Cap
₹3,429 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
2.98 (2.97%)
Volume
9,91,855
Market Cap
₹9,164 Cr
52W Low
₹99.06
52W High
₹236.00
LTP
2.45 (1.14%)
Volume
12,500
Market Cap
₹486 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
-1.10 (-1.87%)
Volume
1,36,01,870
Market Cap
₹5,716 Cr
52W Low
₹28.00
52W High
₹65.50
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
-43.95 (-5.45%)
Volume
18,24,877
Market Cap
₹66,680 Cr
52W Low
₹496.60
52W High
₹818.95
LTP
-15.50 (-1.61%)
Volume
9,68,415
Market Cap
₹98,321 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
-10.20 (-0.98%)
Volume
9,61,415
Market Cap
₹2,53,325 Cr
52W Low
₹880.00
52W High
₹1,089.20
LTP
-1.49 (-2.04%)
Volume
7,96,367
Market Cap
₹2,782 Cr
52W Low
₹59.77
52W High
₹123.75
LTP
-0.15 (-0.36%)
Volume
2,000
Market Cap
₹54 Cr
52W Low
₹32.60
52W High
₹55.00
LTP
-4.95 (-0.59%)
Volume
30,572
Market Cap
₹3,644 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
0.56 (2.03%)
Volume
6,30,043
Market Cap
₹775 Cr
52W Low
₹25.10
52W High
₹67.30
LTP
0.04 (0.39%)
Volume
19,66,384
Market Cap
₹320 Cr
52W Low
₹8.36
52W High
₹58.60
LTP
0.64 (1.38%)
Volume
5,946
Market Cap
₹132 Cr
52W Low
₹24.25
52W High
₹51.88
LTP
-2.70 (-2.62%)
Volume
8,400
Market Cap
₹222 Cr
52W Low
₹90.50
52W High
₹223.95
LTP
0.35 (1.11%)
Volume
65,849
Market Cap
₹112 Cr
52W Low
₹29.20
52W High
₹56.00
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹8,913 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
0.00 (0.00%)
Volume
5,000
Market Cap
₹321 Cr
52W Low
₹196.05
52W High
₹430.00
LTP
1.54 (19.97%)
Volume
7,35,055
Market Cap
₹205 Cr
52W Low
₹7.49
52W High
₹22.98
LTP
0.03 (0.39%)
Volume
79
Market Cap
₹4 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
-10.15 (-2.97%)
Volume
38,093
Market Cap
₹562 Cr
52W Low
₹161.88
52W High
₹376.85
LTP
1.03 (1.35%)
Volume
8,000
Market Cap
₹109 Cr
52W Low
₹50.55
52W High
₹96.00
LTP
0.25 (0.07%)
Volume
2,98,841
Market Cap
₹2,569 Cr
52W Low
₹201.55
52W High
₹468.00
LTP
-1.27 (-0.87%)
Volume
71,083
Market Cap
₹1,451 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
-0.86 (-1.46%)
Volume
9,294
Market Cap
₹404 Cr
52W Low
₹43.05
52W High
₹77.14
LTP
0.00 (0.00%)
Volume
20,800
Market Cap
₹153 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
1.10 (0.58%)
Volume
20,400
Market Cap
₹564 Cr
52W Low
₹128.20
52W High
₹194.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
-0.90 (-1.25%)
Volume
235
Market Cap
₹53 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
-0.10 (-0.58%)
Volume
2,081
Market Cap
₹24 Cr
52W Low
₹13.21
52W High
₹36.20
LTP
-0.16 (-0.51%)
Volume
3,61,780
Market Cap
₹1,772 Cr
52W Low
₹21.60
52W High
₹64.52
LTP
-0.80 (-0.62%)
Volume
81,851
Market Cap
₹1,856 Cr
52W Low
₹84.40
52W High
₹177.30
LTP
1.70 (10.87%)
Volume
7,256
Market Cap
₹19 Cr
52W Low
₹14.60
52W High
₹23.46
LTP
0.00 (0.00%)
Volume
1
Market Cap
₹30 Cr
52W Low
₹47.60
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
₹55 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
-0.04 (-0.11%)
Volume
28,63,485
Market Cap
₹11,078 Cr
52W Low
₹32.13
52W High
₹55.60
LTP
0.00 (0.00%)
Volume
2,915
Market Cap
₹53 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
-1.20 (-1.47%)
Volume
15,939
Market Cap
₹426 Cr
52W Low
₹44.35
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
1,000
Market Cap
₹115 Cr
52W Low
₹122.85
52W High
₹165.00
LTP
-5.00 (-1.84%)
Volume
40
Market Cap
₹519 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
-3.28 (-1.35%)
Volume
2,87,016
Market Cap
₹3,276 Cr
52W Low
₹135.65
52W High
₹269.20
LTP
-0.31 (-0.20%)
Volume
3,91,919
Market Cap
₹2,812 Cr
52W Low
₹132.51
52W High
₹234.80
LTP
-0.12 (-2.14%)
Volume
1,21,145
Market Cap
₹99 Cr
52W Low
₹5.46
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
-3.45 (-5.00%)
Volume
2,000
Market Cap
₹20 Cr
52W Low
₹60.55
52W High
₹116.00
LTP
1.57 (3.98%)
Volume
80,858
Market Cap
₹178 Cr
52W Low
₹3.06
52W High
₹57.95
LTP
2.45 (0.79%)
Volume
71,678
Market Cap
₹1,569 Cr
52W Low
₹260.00
52W High
₹618.00
LTP
-0.13 (-1.30%)
Volume
71,36,093
Market Cap
₹1,563 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
0.91 (3.10%)
Volume
5,763
Market Cap
₹48 Cr
52W Low
₹29.00
52W High
₹59.79
LTP
-0.33 (-1.32%)
Volume
44,604
Market Cap
₹216 Cr
52W Low
₹24.40
52W High
₹74.00
LTP
-1.80 (-1.26%)
Volume
1,02,626
Market Cap
₹760 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
-0.25 (-0.16%)
Volume
3,897
Market Cap
₹169 Cr
52W Low
₹69.00
52W High
₹180.43
LTP
-0.14 (-0.78%)
Volume
1,95,442
Market Cap
₹1,434 Cr
52W Low
₹12.15
52W High
₹24.61
LTP
-4.21 (-4.62%)
Volume
4,500
Market Cap
₹76 Cr
52W Low
₹75.05
52W High
₹168.30
LTP
2.43 (7.17%)
Volume
3,684
Market Cap
₹19 Cr
52W Low
₹32.00
52W High
₹64.99
LTP
-0.05 (-0.17%)
Volume
28,675
Market Cap
₹302 Cr
52W Low
₹26.00
52W High
₹56.65
LTP
0.37 (2.11%)
Volume
1,44,955
Market Cap
₹149 Cr
52W Low
₹14.37
52W High
₹31.18
LTP
11.10 (5.83%)
Volume
79,000
Market Cap
₹887 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
-0.03 (-0.41%)
Volume
19,87,537
Market Cap
₹1,274 Cr
52W Low
₹6.91
52W High
₹23.28
LTP
-2.09 (-1.71%)
Volume
10,11,940
Market Cap
₹3,610 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
11.90 (2.03%)
Volume
12,28,189
Market Cap
₹20,602 Cr
52W Low
₹341.30
52W High
₹619.00
LTP
-0.30 (-0.29%)
Volume
4,115
Market Cap
₹144 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
0.01 (0.03%)
Volume
9,922
Market Cap
₹205 Cr
52W Low
₹30.00
52W High
₹74.05
LTP
-0.13 (-0.08%)
Volume
1,30,437
Market Cap
₹1,014 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
0.97 (1.76%)
Volume
25,830
Market Cap
₹110 Cr
52W Low
₹43.30
52W High
₹112.99
LTP
-0.01 (-0.30%)
Volume
96,917
Market Cap
₹199 Cr
52W Low
₹2.80
52W High
₹6.46
LTP
-9.80 (-3.56%)
Volume
79
Market Cap
₹140 Cr
52W Low
₹235.00
52W High
₹498.95
LTP
0.95 (3.61%)
Volume
2,085
Market Cap
₹9 Cr
52W Low
₹26.01
52W High
₹45.84
LTP
-2.00 (-0.99%)
Volume
288
Market Cap
₹182 Cr
52W Low
₹133.15
52W High
₹257.00
LTP
1.10 (1.73%)
Volume
34,000
Market Cap
₹122 Cr
52W Low
₹54.05
52W High
₹84.00
LTP
0.05 (0.01%)
Volume
2,00,386
Market Cap
₹25,327 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
-0.65 (-0.55%)
Volume
48,08,039
Market Cap
₹49,298 Cr
52W Low
₹99.15
52W High
₹144.20
LTP
-0.07 (-0.80%)
Volume
14,61,178
Market Cap
₹1,080 Cr
52W Low
₹7.06
52W High
₹14.34
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
-4.00 (-1.48%)
Volume
1,33,848
Market Cap
₹4,864 Cr
52W Low
₹188.15
52W High
₹322.00
LTP
17.10 (4.56%)
Volume
300
Market Cap
₹452 Cr
52W Low
₹233.05
52W High
₹438.00
LTP
0.00 (0.00%)
Volume
16,109
Market Cap
₹28 Cr
52W Low
₹1.14
52W High
₹3.93
LTP
-14.30 (-4.42%)
Volume
35,302
Market Cap
₹595 Cr
52W Low
₹297.25
52W High
₹530.40
LTP
13.80 (4.99%)
Volume
9,308
Market Cap
₹315 Cr
52W Low
₹258.00
52W High
₹625.00
LTP
2.80 (3.41%)
Volume
800
Market Cap
₹127 Cr
52W Low
₹75.10
52W High
₹334.00
LTP
0.25 (0.77%)
Volume
7,200
Market Cap
₹75 Cr
52W Low
₹30.30
52W High
₹75.45
LTP
0.95 (4.98%)
Volume
1,500
Market Cap
₹10 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
0.80 (0.52%)
Volume
1,53,88,657
Market Cap
₹1,91,685 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
-62.20 (-2.46%)
Volume
8,676
Market Cap
₹5,800 Cr
52W Low
₹2,050.00
52W High
₹3,634.00
LTP
-0.24 (-0.78%)
Volume
2,131
Market Cap
₹51 Cr
52W Low
₹29.75
52W High
₹97.95
LTP
1.22 (4.69%)
Volume
27,238
Market Cap
₹34 Cr
52W Low
₹7.35
52W High
₹39.60
LTP
0.05 (0.23%)
Volume
5,98,885
Market Cap
₹64 Cr
52W Low
₹20.92
52W High
₹32.97
LTP
-4.60 (-1.20%)
Volume
2,31,677
Market Cap
₹11,699 Cr
52W Low
₹278.55
52W High
₹451.00
LTP
-0.20 (-1.92%)
Volume
1
Market Cap
₹5 Cr
52W Low
₹6.02
52W High
₹12.59
LTP
5.20 (2.10%)
Volume
53,380
Market Cap
₹2,398 Cr
52W Low
₹178.00
52W High
₹322.00
LTP
-0.53 (-0.93%)
Volume
50,569
Market Cap
₹179 Cr
52W Low
₹33.30
52W High
₹73.88
LTP
-10.30 (-0.85%)
Volume
71,370
Market Cap
₹2,474 Cr
52W Low
₹1,005.30
52W High
₹2,450.35
LTP
-2.07 (-1.31%)
Volume
37,547
Market Cap
₹299 Cr
52W Low
₹125.00
52W High
₹286.65
LTP
3.90 (0.76%)
Volume
5,500
Market Cap
₹1,262 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
-1.52 (-1.02%)
Volume
41,400
Market Cap
₹490 Cr
52W Low
₹135.00
52W High
₹296.70
LTP
-0.32 (-1.03%)
Volume
84,176
Market Cap
₹2,054 Cr
52W Low
₹25.60
52W High
₹55.52
LTP
0.02 (4.35%)
Volume
2,500
Market Cap
₹0 Cr
52W Low
₹0.46
52W High
₹0.48
LTP
-0.15 (-1.95%)
Volume
1,19,777
Market Cap
₹110 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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