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LTP
-0.11 (-1.84%)
Volume
7,987
Market Cap
₹12 Cr
52W Low
₹4.81
52W High
₹9.88
LTP
-0.05 (-0.46%)
Volume
14,580
Market Cap
₹6 Cr
52W Low
₹9.00
52W High
₹13.00
LTP
-0.55 (-1.06%)
Volume
4,000
Market Cap
₹129 Cr
52W Low
₹50.00
52W High
₹72.00
LTP
-4.76 (-2.44%)
Volume
8,51,433
Market Cap
₹2,520 Cr
52W Low
₹115.00
52W High
₹214.00
LTP
-2.60 (-2.57%)
Volume
24,610
Market Cap
₹131 Cr
52W Low
₹90.65
52W High
₹167.35
LTP
0.00 (0.00%)
Volume
600
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹3.50
LTP
-0.28 (-1.97%)
Volume
15,466
Market Cap
₹562 Cr
52W Low
₹8.37
52W High
₹34.33
LTP
-0.08 (-2.16%)
Volume
12,085
Market Cap
₹54 Cr
52W Low
₹3.07
52W High
₹5.60
LTP
-26.90 (-1.75%)
Volume
3,76,939
Market Cap
₹42,754 Cr
52W Low
₹1,305.00
52W High
₹1,774.00
LTP
0.08 (1.29%)
Volume
4,551
Market Cap
₹3 Cr
52W Low
₹5.17
52W High
₹7.20
LTP
-2.19 (-4.39%)
Volume
16,668
Market Cap
₹40 Cr
52W Low
₹27.00
52W High
₹62.65
LTP
3.25 (1.99%)
Volume
5
Market Cap
₹476 Cr
52W Low
₹19.00
52W High
₹212.75
LTP
-3.65 (-3.09%)
Volume
21,776
Market Cap
₹156 Cr
52W Low
₹67.77
52W High
₹163.70
LTP
-10.60 (-2.57%)
Volume
1,15,765
Market Cap
₹6,449 Cr
52W Low
₹325.10
52W High
₹468.65
LTP
-0.10 (-0.05%)
Volume
10,581
Market Cap
₹700 Cr
52W Low
₹135.30
52W High
₹314.40
LTP
-9.00 (-1.40%)
Volume
2,082
Market Cap
₹1,228 Cr
52W Low
₹549.00
52W High
₹845.00
LTP
-8.95 (-3.72%)
Volume
1,74,444
Market Cap
₹1,647 Cr
52W Low
₹217.95
52W High
₹400.60
LTP
-0.21 (-1.22%)
Volume
22,016
Market Cap
₹155 Cr
52W Low
₹9.30
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
-0.29 (-0.47%)
Volume
2,91,864
Market Cap
₹1,396 Cr
52W Low
₹36.90
52W High
₹86.00
LTP
-0.86 (-1.30%)
Volume
345
Market Cap
₹35 Cr
52W Low
₹28.12
52W High
₹93.99
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
16,500
Market Cap
₹308 Cr
52W Low
₹59.00
52W High
₹135.40
LTP
2.20 (0.15%)
Volume
34,000
Market Cap
₹1,179 Cr
52W Low
₹248.15
52W High
₹2,210.00
LTP
0.49 (4.98%)
Volume
300
Market Cap
₹5 Cr
52W Low
₹9.38
52W High
₹10.33
LTP
-15.05 (-3.59%)
Volume
22,770
Market Cap
₹650 Cr
52W Low
₹378.15
52W High
₹681.45
LTP
-4.85 (-1.78%)
Volume
1,19,530
Market Cap
₹1,878 Cr
52W Low
₹225.60
52W High
₹400.00
LTP
-0.18 (-1.34%)
Volume
1,58,298
Market Cap
₹147 Cr
52W Low
₹10.90
52W High
₹31.73
LTP
0.00 (0.00%)
Volume
400
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹1.55
LTP
-2.37 (-5.34%)
Volume
3,000
Market Cap
₹54 Cr
52W Low
₹39.25
52W High
₹65.99
LTP
-16.80 (-1.80%)
Volume
10,542
Market Cap
₹1,171 Cr
52W Low
₹120.00
52W High
₹1,087.70
LTP
0.00 (0.00%)
Volume
1,600
Market Cap
₹31 Cr
52W Low
₹68.00
52W High
₹89.25
LTP
-0.01 (-3.57%)
Volume
500
Market Cap
₹6 Cr
52W Low
₹0.00
52W High
₹0.27
LTP
-7.95 (-2.39%)
Volume
30,653
Market Cap
₹7,988 Cr
52W Low
₹83.50
52W High
₹399.35
LTP
-16.10 (-1.96%)
Volume
3,756
Market Cap
₹999 Cr
52W Low
₹658.40
52W High
₹935.00
LTP
-0.02 (-4.26%)
Volume
700
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹0.45
LTP
-16.30 (-4.82%)
Volume
4,012
Market Cap
₹183 Cr
52W Low
₹140.00
52W High
₹441.20
LTP
-4.96 (-4.78%)
Volume
1,30,361
Market Cap
₹543 Cr
52W Low
₹73.70
52W High
₹147.80
LTP
-0.96 (-0.48%)
Volume
13,18,671
Market Cap
₹13,266 Cr
52W Low
₹119.20
52W High
₹244.79
LTP
-21.15 (-2.21%)
Volume
87,911
Market Cap
₹3,135 Cr
52W Low
₹720.00
52W High
₹1,330.00
LTP
0.00 (0.00%)
Volume
134
Market Cap
₹26 Cr
52W Low
₹6.90
52W High
₹9.50
LTP
-10.30 (-1.77%)
Volume
1,06,792
Market Cap
₹1,802 Cr
52W Low
₹440.05
52W High
₹888.75
LTP
0.33 (4.47%)
Volume
39,982
Market Cap
₹4 Cr
52W Low
₹5.70
52W High
₹12.22
LTP
-0.86 (-0.46%)
Volume
5,86,017
Market Cap
₹3,783 Cr
52W Low
₹97.65
52W High
₹210.85
LTP
-3.45 (-1.88%)
Volume
6,391
Market Cap
₹99 Cr
52W Low
₹159.00
52W High
₹234.40
LTP
0.08 (0.20%)
Volume
4,968
Market Cap
₹193 Cr
52W Low
₹30.00
52W High
₹63.62
LTP
-0.31 (-4.87%)
Volume
5,73,659
Market Cap
₹253 Cr
52W Low
₹1.93
52W High
₹8.74
LTP
-86.65 (-4.88%)
Volume
3,24,179
Market Cap
₹2,962 Cr
52W Low
₹1,110.15
52W High
₹1,815.00
LTP
0.00 (0.00%)
Volume
10,17,392
Market Cap
₹3,612 Cr
52W Low
₹68.20
52W High
₹157.90
LTP
-29.90 (-2.77%)
Volume
46,230
Market Cap
₹19,722 Cr
52W Low
₹529.55
52W High
₹1,314.00
LTP
-8.00 (-2.31%)
Volume
2,04,000
Market Cap
₹783 Cr
52W Low
₹225.00
52W High
₹353.95
LTP
-0.44 (-1.02%)
Volume
1,10,015
Market Cap
₹4,174 Cr
52W Low
₹34.50
52W High
₹65.40
LTP
-4.55 (-1.45%)
Volume
14,60,763
Market Cap
₹20,145 Cr
52W Low
₹189.98
52W High
₹383.85
LTP
0.00 (0.00%)
Volume
8,30,836
Market Cap
₹13,230 Cr
52W Low
₹360.00
52W High
₹576.90
LTP
1.75 (0.26%)
Volume
4,17,817
Market Cap
₹56,166 Cr
52W Low
₹427.15
52W High
₹848.00
LTP
-20.30 (-2.18%)
Volume
10,31,103
Market Cap
₹94,838 Cr
52W Low
₹581.60
52W High
₹1,097.00
LTP
0.00 (0.00%)
Volume
90,78,528
Market Cap
₹1,830 Cr
52W Low
₹0.00
52W High
₹39.15
LTP
-13.40 (-1.38%)
Volume
9,57,539
Market Cap
₹2,36,634 Cr
52W Low
₹723.00
52W High
₹1,063.00
LTP
-2.76 (-1.36%)
Volume
3,76,713
Market Cap
₹3,882 Cr
52W Low
₹166.90
52W High
₹278.00
LTP
-0.70 (-1.77%)
Volume
32,000
Market Cap
₹51 Cr
52W Low
₹37.05
52W High
₹52.20
LTP
-8.30 (-1.03%)
Volume
18,428
Market Cap
₹3,517 Cr
52W Low
₹427.30
52W High
₹1,083.00
LTP
27.25 (5.54%)
Volume
2,35,325
Market Cap
₹1,374 Cr
52W Low
₹262.40
52W High
₹673.00
LTP
-0.34 (-0.90%)
Volume
3,511
Market Cap
₹108 Cr
52W Low
₹25.05
52W High
₹51.00
LTP
-9.00 (-4.40%)
Volume
1,16,400
Market Cap
₹440 Cr
52W Low
₹167.65
52W High
₹247.00
LTP
-1.45 (-3.16%)
Volume
8,236
Market Cap
₹163 Cr
52W Low
₹41.15
52W High
₹61.50
LTP
0.00 (0.00%)
Volume
2,20,635
Market Cap
₹10,461 Cr
52W Low
₹0.00
52W High
₹477.95
LTP
-4.60 (-1.35%)
Volume
22,000
Market Cap
₹482 Cr
52W Low
₹191.00
52W High
₹430.00
LTP
-0.52 (-3.87%)
Volume
6,28,352
Market Cap
₹358 Cr
52W Low
₹6.67
52W High
₹24.50
LTP
0.48 (4.26%)
Volume
17,681
Market Cap
₹6 Cr
52W Low
₹7.54
52W High
₹14.75
LTP
-1.58 (-0.70%)
Volume
3,915
Market Cap
₹373 Cr
52W Low
₹75.15
52W High
₹229.00
LTP
-18.80 (-2.94%)
Volume
1,84,349
Market Cap
₹8,561 Cr
52W Low
₹566.50
52W High
₹1,097.00
LTP
1.74 (2.12%)
Volume
12,000
Market Cap
₹117 Cr
52W Low
₹76.60
52W High
₹138.70
LTP
-10.65 (-3.25%)
Volume
2,22,125
Market Cap
₹2,126 Cr
52W Low
₹224.40
52W High
₹513.70
LTP
-1.61 (-2.63%)
Volume
21,694
Market Cap
₹454 Cr
52W Low
₹24.30
52W High
₹73.80
LTP
-0.34 (-0.51%)
Volume
35,895
Market Cap
₹436 Cr
52W Low
₹42.10
52W High
₹107.00
LTP
-0.30 (-0.78%)
Volume
59,200
Market Cap
₹96 Cr
52W Low
₹32.55
52W High
₹60.00
LTP
-3.40 (-1.96%)
Volume
7,200
Market Cap
₹425 Cr
52W Low
₹106.00
52W High
₹184.00
LTP
-0.09 (-4.69%)
Volume
50,950
Market Cap
₹11 Cr
52W Low
₹0.00
52W High
₹2.00
LTP
-1.17 (-1.27%)
Volume
4,098
Market Cap
₹67 Cr
52W Low
₹72.00
52W High
₹110.00
LTP
-0.50 (-4.96%)
Volume
1,824
Market Cap
₹132 Cr
52W Low
₹0.00
52W High
₹9.58
LTP
0.12 (0.59%)
Volume
3,895
Market Cap
₹28 Cr
52W Low
₹15.51
52W High
₹37.37
LTP
2.26 (4.99%)
Volume
7,58,548
Market Cap
₹2,187 Cr
52W Low
₹16.90
52W High
₹64.52
LTP
-4.26 (-2.89%)
Volume
44,382
Market Cap
₹2,135 Cr
52W Low
₹135.00
52W High
₹212.80
LTP
-0.71 (-3.62%)
Volume
486
Market Cap
₹23 Cr
52W Low
₹6.80
52W High
₹25.98
LTP
3.23 (4.77%)
Volume
2,971
Market Cap
₹37 Cr
52W Low
₹62.08
52W High
₹93.54
LTP
0.00 (0.00%)
Volume
13,918
Market Cap
₹0 Cr
52W Low
₹2.90
52W High
₹5.10
LTP
-1.26 (-2.61%)
Volume
19,05,838
Market Cap
₹14,161 Cr
52W Low
₹39.15
52W High
₹73.70
LTP
-0.42 (-1.82%)
Volume
4,882
Market Cap
₹84 Cr
52W Low
₹17.77
52W High
₹39.69
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
690
Market Cap
₹227 Cr
52W Low
₹19.15
52W High
₹58.89
LTP
-11.50 (-4.98%)
Volume
10
Market Cap
₹654 Cr
52W Low
₹0.00
52W High
₹219.40
LTP
-8.65 (-3.22%)
Volume
1,872
Market Cap
₹512 Cr
52W Low
₹118.65
52W High
₹288.00
LTP
0.00 (0.00%)
Volume
0
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.00
LTP
1.92 (0.98%)
Volume
15,72,206
Market Cap
₹2,654 Cr
52W Low
₹100.85
52W High
₹215.00
LTP
-4.57 (-2.69%)
Volume
4,62,163
Market Cap
₹3,044 Cr
52W Low
₹128.15
52W High
₹237.00
LTP
-0.40 (-4.42%)
Volume
6,12,073
Market Cap
₹158 Cr
52W Low
₹5.30
52W High
₹16.20
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
-3.05 (-3.08%)
Volume
10,000
Market Cap
₹28 Cr
52W Low
₹81.50
52W High
₹166.70
LTP
-0.15 (-0.37%)
Volume
1,175
Market Cap
₹18 Cr
52W Low
₹26.00
52W High
₹51.17
LTP
-7.55 (-1.40%)
Volume
25,439
Market Cap
₹2,719 Cr
52W Low
₹501.00
52W High
₹819.85
LTP
-0.72 (-5.13%)
Volume
2,02,71,879
Market Cap
₹2,182 Cr
52W Low
₹9.90
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
1.16 (2.56%)
Volume
27,672
Market Cap
₹74 Cr
52W Low
₹24.70
52W High
₹59.79
LTP
0.40 (0.78%)
Volume
68,267
Market Cap
₹434 Cr
52W Low
₹20.35
52W High
₹97.81
LTP
30.65 (0.84%)
Volume
22,098
Market Cap
₹25,453 Cr
52W Low
₹2,581.50
52W High
₹3,978.50
LTP
-4.95 (-2.43%)
Volume
1,57,923
Market Cap
₹992 Cr
52W Low
₹107.10
52W High
₹225.27
LTP
7.30 (8.15%)
Volume
1,04,707
Market Cap
₹98 Cr
52W Low
₹43.90
52W High
₹114.90
LTP
-0.13 (-0.70%)
Volume
25,37,721
Market Cap
₹1,485 Cr
52W Low
₹7.62
52W High
₹19.37
LTP
-2.40 (-1.83%)
Volume
3,000
Market Cap
₹109 Cr
52W Low
₹35.50
52W High
₹155.65
LTP
-2.07 (-4.99%)
Volume
2,327
Market Cap
₹23 Cr
52W Low
₹18.00
52W High
₹53.34
LTP
-1.55 (-3.40%)
Volume
37,981
Market Cap
₹457 Cr
52W Low
₹26.64
52W High
₹75.00
LTP
0.43 (1.66%)
Volume
1,26,191
Market Cap
₹221 Cr
52W Low
₹13.90
52W High
₹31.18
LTP
-0.91 (-4.98%)
Volume
55,40,170
Market Cap
₹3,155 Cr
52W Low
₹8.90
52W High
₹33.95
LTP
-22.75 (-5.00%)
Volume
4,69,940
Market Cap
₹16,023 Cr
52W Low
₹180.25
52W High
₹525.00
LTP
3.44 (1.88%)
Volume
33,235
Market Cap
₹251 Cr
52W Low
₹164.00
52W High
₹448.00
LTP
-0.53 (-0.43%)
Volume
4,24,753
Market Cap
₹1,375 Cr
52W Low
₹83.40
52W High
₹151.50
LTP
0.00 (0.00%)
Volume
4,68,265
Market Cap
₹12 Cr
52W Low
₹0.00
52W High
₹2.55
LTP
-0.31 (-0.51%)
Volume
68,308
Market Cap
₹321 Cr
52W Low
₹51.95
52W High
₹94.90
LTP
-0.41 (-0.56%)
Volume
7,479
Market Cap
₹147 Cr
52W Low
₹50.00
52W High
₹112.99
LTP
-0.21 (-4.00%)
Volume
5,96,645
Market Cap
₹259 Cr
52W Low
₹2.60
52W High
₹7.37
LTP
-3.00 (-0.68%)
Volume
1,015
Market Cap
₹223 Cr
52W Low
₹139.00
52W High
₹752.20
LTP
-1.52 (-3.66%)
Volume
883
Market Cap
₹14 Cr
52W Low
₹32.10
52W High
₹50.80
LTP
1.05 (0.49%)
Volume
1,708
Market Cap
₹195 Cr
52W Low
₹200.00
52W High
₹353.00
LTP
-1.05 (-0.12%)
Volume
3,00,420
Market Cap
₹23,418 Cr
52W Low
₹424.90
52W High
₹956.90
LTP
0.00 (0.00%)
Volume
1,14,982
Market Cap
₹939 Cr
52W Low
₹0.00
52W High
₹205.30
LTP
-3.85 (-3.27%)
Volume
2,04,73,411
Market Cap
₹48,616 Cr
52W Low
₹82.60
52W High
₹175.35
LTP
-0.49 (-4.17%)
Volume
15,71,211
Market Cap
₹1,323 Cr
52W Low
₹8.20
52W High
₹18.40
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
-3.61 (-1.75%)
Volume
65,781
Market Cap
₹3,724 Cr
52W Low
₹166.45
52W High
₹274.95
LTP
16.35 (4.81%)
Volume
300
Market Cap
₹410 Cr
52W Low
₹324.90
52W High
₹839.00
LTP
0.16 (4.46%)
Volume
18,47,214
Market Cap
₹90 Cr
52W Low
₹0.65
52W High
₹3.76
LTP
0.00 (0.00%)
Volume
2,000
Market Cap
₹814 Cr
52W Low
₹300.00
52W High
₹481.35
LTP
3.90 (0.65%)
Volume
3,499
Market Cap
₹681 Cr
52W Low
₹233.55
52W High
₹951.00
LTP
-16.65 (-6.55%)
Volume
20,400
Market Cap
₹314 Cr
52W Low
₹230.00
52W High
₹734.60
LTP
0.65 (0.10%)
Volume
2,23,678
Market Cap
₹7,332 Cr
52W Low
₹467.55
52W High
₹841.65
LTP
-1.95 (-3.18%)
Volume
30,000
Market Cap
₹142 Cr
52W Low
₹53.10
52W High
₹117.70
LTP
0.00 (0.00%)
Volume
200
Market Cap
₹11 Cr
52W Low
₹11.30
52W High
₹23.10
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
-2.75 (-1.84%)
Volume
2,38,59,480
Market Cap
₹1,86,878 Cr
52W Low
₹114.60
52W High
₹184.60
LTP
0.00 (0.00%)
Volume
28,55,608
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹238.05
LTP
-29.75 (-0.98%)
Volume
5,853
Market Cap
₹6,948 Cr
52W Low
₹1,532.50
52W High
₹3,933.00
LTP
-126.95 (-2.84%)
Volume
2,19,659
Market Cap
₹86,290 Cr
52W Low
₹3,081.35
52W High
₹4,810.80
LTP
0.29 (0.39%)
Volume
309
Market Cap
₹125 Cr
52W Low
₹68.55
52W High
₹125.75
LTP
0.38 (1.98%)
Volume
7,869
Market Cap
₹19 Cr
52W Low
₹5.47
52W High
₹19.54
LTP
-0.63 (-2.61%)
Volume
6,715
Market Cap
₹39 Cr
52W Low
₹19.20
52W High
₹36.80
LTP
-15.65 (-3.66%)
Volume
6,63,599
Market Cap
₹13,034 Cr
52W Low
₹273.05
52W High
₹451.00
LTP
0.44 (4.92%)
Volume
1,599
Market Cap
₹4 Cr
52W Low
₹6.21
52W High
₹20.99
LTP
-0.10 (-0.04%)
Volume
37,967
Market Cap
₹2,222 Cr
52W Low
₹185.40
52W High
₹342.80
LTP
-0.04 (-0.08%)
Volume
23,052
Market Cap
₹152 Cr
52W Low
₹22.55
52W High
₹73.88
LTP
-51.30 (-2.66%)
Volume
26,086
Market Cap
₹3,929 Cr
52W Low
₹1,290.20
52W High
₹2,450.35
LTP
-4.90 (-1.93%)
Volume
18,159
Market Cap
₹483 Cr
52W Low
₹221.70
52W High
₹446.25
LTP
18.05 (3.82%)
Volume
75,000
Market Cap
₹1,157 Cr
52W Low
₹203.80
52W High
₹555.00
LTP
-3.82 (-1.68%)
Volume
1,33,774
Market Cap
₹752 Cr
52W Low
₹209.90
52W High
₹296.70
LTP
-1.70 (-0.23%)
Volume
17,70,649
Market Cap
₹19,218 Cr
52W Low
₹423.60
52W High
₹794.75
LTP
-1.56 (-3.38%)
Volume
2,99,985
Market Cap
₹2,445 Cr
52W Low
₹30.68
52W High
₹58.90
LTP
0.02 (4.76%)
Volume
800
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹0.44
LTP
-0.24 (-2.60%)
Volume
1,70,516
Market Cap
₹134 Cr
52W Low
₹5.40
52W High
₹15.45
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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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