Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Anand Rathi has upgraded Tata Steel to Buy and raised its target price to ₹240, implying about 24% upside from the March 30 closing price. The brokerage expects a stronger earnings cycle driven by firmer European steel prices, healthy domestic demand, an improved product mix, and likely price hikes in automotive contracts from April 2026. It has also raised its Ebitda estimates for FY26, FY27, and FY28, reflecting growing confidence in margin recovery. A key positive is the expected turnaround in Tata Steel’s UK operations, which the brokerage believes could reach Ebitda breakeven in the second half of FY27. On the domestic side, capacity expansion and stronger steel realizations are seen supporting long-term growth as Tata Steel moves toward its 40 million tonne ambition.
Also Read : The Future of Steel: Global Casting Market Expected to Hit $42.18 Billion by 2029 India Steel Works Shows Technical Shift Amid Long-Term Financial Challenges
Reserve Bank of India (RBI) and Nepal Rastra Bank took a significant step forward by signing and exc...
Asia 16-Feb-2024
Current observations reveal a decline in steel coil prices in the United States from their peak at t...
US 16-Feb-2024
Jindal Steel International has exited the bidding process for Italy’s Ilva steel plant in Tara...
India 29-Sep-2025
The Supreme Court on February 5 reserved its judgment in an appeal by the Indian Oil Corporation Lim...
Large Corporate 05-Feb-2024
China exported 24.97 million tonnes of steel in Q1 2024, up 6.3% YoY. Pricing advantage due to lowe...
China 15-Apr-2025
India's coal export to neighbouring countries was 0.78 Million Tonnes (MT) in the April-November per...
Raw Material 07-Feb-2024