JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Metal stocks came under sharp pressure on March 13 as weak global cues and fears of a gas supply shortage triggered broad-based selling across the sector. Tata Steel, Hindustan Zinc, NALCO, Hindalco, and SAIL were among the major losers in early trade. Market experts told Mint that the ongoing US-Iran conflict has raised concerns over industrial gas availability, hurting demand expectations for metal processing companies and pushing worries of weak Q4FY26 earnings to the forefront. The selloff came even as some international metal prices eased, highlighting how sentiment and earnings fears are currently driving the sector.
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