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
India’s steel industry is set for a recovery, supported by safeguard duties, seasonal demand, and rising infrastructure spending. Analysts suggest that domestic prices, which bottomed out recently, are now poised to strengthen.
Hot-rolled coil (HRC) prices are projected to average ₹49,544 per tonne this quarter, compared to ₹51,636 in Q1. The provisional 12% safeguard duty imposed in April has already made India a net exporter for four consecutive months, reversing the import-heavy trend of FY24–25.
With the monsoon season ending and duties likely to extend for another three years, prices are expected to firm up further. At the same time, China’s anti-involution stance, which involves cutting about 30 million tonnes of steel capacity, will help curb cheap imports, giving Indian producers greater pricing power.
Shares of leading steelmakers including Tata Steel, JSW Steel, and Jindal Steel have already risen by about 11% in the past three months, outperforming the broader market.
Also Read : India Plans Support Package to Counter US Tariffs on Steel and Aluminium Japanese Firms Confirm ₹4,000 Cr Investment in Karnataka: Minister M B Patil
Companies are bracing for further litigation, questioning the National Anti-Profiteering Authority's...
Taxation 31-Jan-2024
In early trade on December 18, 2025, the Indian rupee moved in a narrow range against the US dollar,...
India 18-Dec-2025
Nippon Steel shares rose up to 7.4% following Trump's endorsement. U.S. Steel stock jumped 21% amid...
Business 26-May-2025
The biggest mining company in India, state-run Coal India Ltd., achieved its output goal for the fis...
Announcement 01-Feb-2024
Finland’s ROTOBOOST has partnered with Baowu Clean Energy, a subsidiary of the world’s l...
Construction 31-Oct-2025
Metal stocks came under sharp pressure on March 13 as weak global cues and fears of a gas supp...
Business 13-Mar-2026