Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
Please Wait...
LTP
0.17 (3.46%)
Volume
91,984
Market Cap
₹11 Cr
52W Low
₹3.26
52W High
₹6.54
LTP
0.58 (6.10%)
Volume
1,967
Market Cap
₹5 Cr
52W Low
₹8.26
52W High
₹12.75
LTP
0.00 (0.00%)
Volume
10,000
Market Cap
₹102 Cr
52W Low
₹23.65
52W High
₹72.00
LTP
0.00 (0.00%)
Volume
6,52,863
Market Cap
₹1,156 Cr
52W Low
₹72.14
52W High
₹151.50
LTP
-4.02 (-2.08%)
Volume
11,43,361
Market Cap
₹2,443 Cr
52W Low
₹147.10
52W High
₹272.00
LTP
-0.73 (-1.15%)
Volume
12,088
Market Cap
₹81 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
0.14 (4.61%)
Volume
1,81,277
Market Cap
₹126 Cr
52W Low
₹2.88
52W High
₹30.00
LTP
0.00 (0.00%)
Volume
8,394
Market Cap
₹28 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
-1.98 (-8.94%)
Volume
10,069
Market Cap
₹16 Cr
52W Low
₹18.08
52W High
₹62.65
LTP
-3.90 (-2.81%)
Volume
571
Market Cap
₹547 Cr
52W Low
₹86.90
52W High
₹208.20
LTP
-4.60 (-3.63%)
Volume
32,304
Market Cap
₹161 Cr
52W Low
₹73.50
52W High
₹163.70
LTP
0.00 (0.00%)
Volume
60,722
Market Cap
₹6,204 Cr
52W Low
₹323.15
52W High
₹503.95
LTP
3.45 (0.68%)
Volume
0
Market Cap
₹970 Cr
52W Low
₹0.00
52W High
₹774.00
LTP
0.00 (0.00%)
Volume
90,091
Market Cap
₹1,282 Cr
52W Low
₹122.23
52W High
₹300.75
LTP
-0.62 (-3.97%)
Volume
36,152
Market Cap
₹135 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
-1.27 (-2.51%)
Volume
1,53,669
Market Cap
₹1,112 Cr
52W Low
₹39.36
52W High
₹79.05
LTP
0.66 (1.18%)
Volume
1,930
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
0.00 (0.00%)
Volume
7,500
Market Cap
₹358 Cr
52W Low
₹64.00
52W High
₹178.80
LTP
5.55 (0.39%)
Volume
4,600
Market Cap
₹1,305 Cr
52W Low
₹1,111.00
52W High
₹2,210.00
LTP
0.65 (4.94%)
Volume
100
Market Cap
₹6 Cr
52W Low
₹10.33
52W High
₹13.80
LTP
-7.18 (-3.26%)
Volume
20,177
Market Cap
₹331 Cr
52W Low
₹185.99
52W High
₹459.80
LTP
-6.35 (-2.22%)
Volume
60,242
Market Cap
₹1,919 Cr
52W Low
₹167.00
52W High
₹379.00
LTP
-0.20 (-2.62%)
Volume
51,059
Market Cap
₹81 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
0.00 (0.00%)
Volume
3,000
Market Cap
₹28 Cr
52W Low
₹22.51
52W High
₹49.50
LTP
-50.10 (-4.99%)
Volume
1,692
Market Cap
₹1,204 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
0.00 (0.00%)
Volume
7,27,658
Market Cap
₹18,509 Cr
52W Low
₹288.05
52W High
₹782.90
LTP
0.00 (0.00%)
Volume
5,107
Market Cap
₹933 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
0.00 (0.00%)
Volume
0
Market Cap
₹122 Cr
52W Low
₹0.00
52W High
₹441.20
LTP
-1.25 (-1.82%)
Volume
47,391
Market Cap
₹352 Cr
52W Low
₹63.19
52W High
₹147.80
LTP
-1.18 (-0.60%)
Volume
12,70,820
Market Cap
₹12,996 Cr
52W Low
₹145.75
52W High
₹253.40
LTP
-2.50 (-0.23%)
Volume
1,34,641
Market Cap
₹3,691 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
-9.45 (-2.05%)
Volume
1,59,176
Market Cap
₹1,396 Cr
52W Low
₹320.35
52W High
₹888.75
LTP
0.16 (2.00%)
Volume
264
Market Cap
₹5 Cr
52W Low
₹5.00
52W High
₹10.98
LTP
0.00 (0.00%)
Volume
15,40,149
Market Cap
₹1,831 Cr
52W Low
₹84.80
52W High
₹210.85
LTP
0.00 (0.00%)
Volume
23,027
Market Cap
₹112 Cr
52W Low
₹160.05
52W High
₹246.65
LTP
-0.03 (-0.07%)
Volume
1,833
Market Cap
₹191 Cr
52W Low
₹28.50
52W High
₹63.62
LTP
0.44 (4.93%)
Volume
8,77,398
Market Cap
₹373 Cr
52W Low
₹3.17
52W High
₹9.36
LTP
-38.90 (-1.74%)
Volume
39,872
Market Cap
₹3,665 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
0.00 (0.00%)
Volume
2,58,914
Market Cap
₹10,240 Cr
52W Low
₹99.06
52W High
₹236.00
LTP
0.00 (0.00%)
Volume
19,500
Market Cap
₹563 Cr
52W Low
₹178.05
52W High
₹456.00
LTP
0.00 (0.00%)
Volume
18,44,06,717
Market Cap
₹5,096 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
13.00 (1.91%)
Volume
11,74,268
Market Cap
₹57,194 Cr
52W Low
₹496.60
52W High
₹803.00
LTP
-17.85 (-1.82%)
Volume
21,14,119
Market Cap
₹98,444 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
10.40 (1.00%)
Volume
31,44,726
Market Cap
₹2,56,186 Cr
52W Low
₹854.15
52W High
₹1,074.90
LTP
-1.81 (-2.48%)
Volume
10,65,222
Market Cap
₹2,717 Cr
52W Low
₹59.77
52W High
₹123.75
LTP
0.00 (0.00%)
Volume
1,46,000
Market Cap
₹56 Cr
52W Low
₹32.60
52W High
₹55.00
LTP
-31.65 (-3.43%)
Volume
2,49,891
Market Cap
₹3,888 Cr
52W Low
₹666.50
52W High
₹1,277.00
LTP
0.90 (3.07%)
Volume
25,47,227
Market Cap
₹851 Cr
52W Low
₹25.10
52W High
₹67.30
LTP
0.00 (0.00%)
Volume
1,22,854
Market Cap
₹297 Cr
52W Low
₹9.10
52W High
₹58.60
LTP
-0.05 (-0.10%)
Volume
3,987
Market Cap
₹136 Cr
52W Low
₹24.25
52W High
₹51.88
LTP
0.00 (0.00%)
Volume
9,600
Market Cap
₹220 Cr
52W Low
₹90.50
52W High
₹247.00
LTP
0.26 (0.76%)
Volume
604
Market Cap
₹123 Cr
52W Low
₹29.20
52W High
₹56.00
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹10,022 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
0.00 (0.00%)
Volume
9,500
Market Cap
₹343 Cr
52W Low
₹196.05
52W High
₹430.00
LTP
0.00 (0.00%)
Volume
3,36,923
Market Cap
₹244 Cr
52W Low
₹7.78
52W High
₹22.98
LTP
-0.39 (-4.59%)
Volume
1,995
Market Cap
₹4 Cr
52W Low
₹7.59
52W High
₹15.84
LTP
0.00 (0.00%)
Volume
1,962
Market Cap
₹589 Cr
52W Low
₹100.00
52W High
₹375.00
LTP
-0.51 (-0.62%)
Volume
25,000
Market Cap
₹117 Cr
52W Low
₹50.55
52W High
₹106.00
LTP
0.00 (0.00%)
Volume
3,05,605
Market Cap
₹3,009 Cr
52W Low
₹201.55
52W High
₹484.40
LTP
0.00 (0.00%)
Volume
1,88,493
Market Cap
₹1,624 Cr
52W Low
₹56.70
52W High
₹171.95
LTP
0.00 (0.00%)
Volume
1,64,001
Market Cap
₹448 Cr
52W Low
₹43.05
52W High
₹77.14
LTP
0.00 (0.00%)
Volume
16,000
Market Cap
₹178 Cr
52W Low
₹26.25
52W High
₹80.20
LTP
0.00 (0.00%)
Volume
18,000
Market Cap
₹558 Cr
52W Low
₹126.15
52W High
₹190.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
2.72 (3.94%)
Volume
4,363
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
0.92 (5.24%)
Volume
0
Market Cap
₹24 Cr
52W Low
₹0.00
52W High
₹36.20
LTP
0.00 (0.00%)
Volume
37,77,650
Market Cap
₹1,962 Cr
52W Low
₹21.60
52W High
₹64.52
LTP
-4.89 (-3.31%)
Volume
3,37,711
Market Cap
₹2,056 Cr
52W Low
₹84.40
52W High
₹187.40
LTP
-0.71 (-4.37%)
Volume
128
Market Cap
₹18 Cr
52W Low
₹14.60
52W High
₹25.98
LTP
-0.90 (-1.76%)
Volume
141
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
3,200
Market Cap
₹50 Cr
52W Low
₹23.35
52W High
₹90.00
LTP
-0.73 (-1.96%)
Volume
17,74,199
Market Cap
₹10,735 Cr
52W Low
₹32.13
52W High
₹59.59
LTP
0.70 (4.82%)
Volume
3,811
Market Cap
₹55 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
0.00 (0.00%)
Volume
23,857
Market Cap
₹463 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
4,000
Market Cap
₹120 Cr
52W Low
₹122.85
52W High
₹165.00
LTP
-2.50 (-0.97%)
Volume
2,079
Market Cap
₹489 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
5.57 (2.38%)
Volume
8,39,198
Market Cap
₹3,235 Cr
52W Low
₹135.65
52W High
₹265.20
LTP
0.00 (0.00%)
Volume
4,89,377
Market Cap
₹3,156 Cr
52W Low
₹132.51
52W High
₹237.00
LTP
0.07 (1.21%)
Volume
1,49,950
Market Cap
₹102 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
-0.45 (-1.04%)
Volume
1,25,878
Market Cap
₹194 Cr
52W Low
₹3.00
52W High
₹57.95
LTP
0.00 (0.00%)
Volume
30,975
Market Cap
₹1,963 Cr
52W Low
₹260.00
52W High
₹629.25
LTP
-0.06 (-0.54%)
Volume
40,51,936
Market Cap
₹1,708 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
-0.95 (-2.81%)
Volume
1,393
Market Cap
₹54 Cr
52W Low
₹30.00
52W High
₹59.79
LTP
-0.37 (-1.32%)
Volume
43,938
Market Cap
₹239 Cr
52W Low
₹24.50
52W High
₹84.09
LTP
0.00 (0.00%)
Volume
3,99,399
Market Cap
₹744 Cr
52W Low
₹115.99
52W High
₹273.97
LTP
18.24 (12.13%)
Volume
1,92,306
Market Cap
₹185 Cr
52W Low
₹69.00
52W High
₹180.43
LTP
0.45 (2.68%)
Volume
11,35,251
Market Cap
₹1,371 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
-2.15 (-5.59%)
Volume
1,411
Market Cap
₹20 Cr
52W Low
₹33.00
52W High
₹64.99
LTP
-1.48 (-4.12%)
Volume
86,238
Market Cap
₹346 Cr
52W Low
₹26.00
52W High
₹75.00
LTP
0.00 (0.00%)
Volume
11,43,184
Market Cap
₹146 Cr
52W Low
₹15.15
52W High
₹31.18
LTP
0.65 (0.29%)
Volume
95,000
Market Cap
₹1,050 Cr
52W Low
₹151.00
52W High
₹249.25
LTP
-0.08 (-1.11%)
Volume
50,05,691
Market Cap
₹1,233 Cr
52W Low
₹7.03
52W High
₹23.28
LTP
0.00 (0.00%)
Volume
36,00,860
Market Cap
₹3,766 Cr
52W Low
₹96.25
52W High
₹149.40
LTP
0.60 (0.13%)
Volume
2,14,624
Market Cap
₹15,771 Cr
52W Low
₹245.00
52W High
₹563.45
LTP
0.00 (0.00%)
Volume
16,117
Market Cap
₹158 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
-0.20 (-0.54%)
Volume
3,310
Market Cap
₹216 Cr
52W Low
₹30.00
52W High
₹75.00
LTP
0.00 (0.00%)
Volume
2,87,814
Market Cap
₹1,163 Cr
52W Low
₹135.10
52W High
₹230.85
LTP
0.00 (0.00%)
Volume
28,119
Market Cap
₹117 Cr
52W Low
₹43.30
52W High
₹112.99
LTP
0.00 (0.00%)
Volume
17,84,139
Market Cap
₹230 Cr
52W Low
₹2.80
52W High
₹7.37
LTP
0.40 (0.14%)
Volume
51
Market Cap
₹144 Cr
52W Low
₹235.00
52W High
₹609.80
LTP
-0.33 (-1.12%)
Volume
145
Market Cap
₹10 Cr
52W Low
₹27.30
52W High
₹45.84
LTP
-5.15 (-2.57%)
Volume
6,976
Market Cap
₹175 Cr
52W Low
₹133.15
52W High
₹294.00
LTP
0.70 (1.09%)
Volume
16,000
Market Cap
₹124 Cr
52W Low
₹60.15
52W High
₹84.00
LTP
1.00 (0.10%)
Volume
3,52,494
Market Cap
₹27,514 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
0.04 (0.03%)
Volume
1,33,87,143
Market Cap
₹51,239 Cr
52W Low
₹99.15
52W High
₹156.35
LTP
-0.10 (-0.92%)
Volume
18,24,018
Market Cap
₹1,314 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
-1.90 (-0.65%)
Volume
2,27,838
Market Cap
₹5,199 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
₹839.00
LTP
0.00 (0.00%)
Volume
1,02,899
Market Cap
₹35 Cr
52W Low
₹1.42
52W High
₹3.93
LTP
-3.10 (-0.86%)
Volume
24,225
Market Cap
₹651 Cr
52W Low
₹297.25
52W High
₹530.40
LTP
-5.40 (-1.93%)
Volume
2,214
Market Cap
₹312 Cr
52W Low
₹268.50
52W High
₹669.20
LTP
-0.50 (-0.53%)
Volume
1,400
Market Cap
₹146 Cr
52W Low
₹93.60
52W High
₹359.00
LTP
-0.60 (-1.90%)
Volume
2,400
Market Cap
₹72 Cr
52W Low
₹30.75
52W High
₹81.00
LTP
0.81 (4.96%)
Volume
100
Market Cap
₹9 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
-3.42 (-2.12%)
Volume
2,62,13,891
Market Cap
₹1,96,990 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
0.00 (0.00%)
Volume
28,902
Market Cap
₹7,171 Cr
52W Low
₹2,050.00
52W High
₹3,933.00
LTP
-0.07 (-0.19%)
Volume
9,940
Market Cap
₹61 Cr
52W Low
₹32.50
52W High
₹99.00
LTP
0.64 (1.99%)
Volume
6,710
Market Cap
₹42 Cr
52W Low
₹6.42
52W High
₹39.60
LTP
0.45 (1.80%)
Volume
0
Market Cap
₹74 Cr
52W Low
₹0.00
52W High
₹34.05
LTP
-0.45 (-0.12%)
Volume
3,33,216
Market Cap
₹11,493 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
1.55 (0.58%)
Volume
75,117
Market Cap
₹2,600 Cr
52W Low
₹178.00
52W High
₹322.00
LTP
0.00 (0.00%)
Volume
20,759
Market Cap
₹167 Cr
52W Low
₹33.30
52W High
₹73.88
LTP
-18.20 (-1.29%)
Volume
47,250
Market Cap
₹2,863 Cr
52W Low
₹1,005.30
52W High
₹2,450.35
LTP
0.00 (0.00%)
Volume
16,473
Market Cap
₹309 Cr
52W Low
₹125.00
52W High
₹286.65
LTP
0.00 (0.00%)
Volume
9,250
Market Cap
₹1,338 Cr
52W Low
₹291.00
52W High
₹673.70
LTP
0.00 (0.00%)
Volume
15,753
Market Cap
₹545 Cr
52W Low
₹135.00
52W High
₹296.70
LTP
-0.01 (-0.03%)
Volume
4,73,971
Market Cap
₹2,187 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
0.00 (0.00%)
Volume
66,328
Market Cap
₹120 Cr
52W Low
₹5.65
52W High
₹12.50
Join Our 3 Cr+ Happy Customers
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.
Open Free Demat Account!
Join our 3 Cr+ happy customers