Tata Steel upgraded to Buy; Anand Rathi sees 24% upside Tata Steel jumps 3.13%, hits fresh intraday high JFE buys 25% in Kalinga Steel for ₹7,875 crore Europe steel market struggles for direction
India’s steel producers are headed for a strong March-quarter finish, supported by firmer domestic steel prices, improving spreads, lower imports, and better demand. Hot rolled coil prices rose sharply over the previous quarter, while rebar prices also gained, helping boost realizations for producers. Domestic finished steel consumption grew 8.8% year-on-year in the first two months of Q4FY26, imports fell about 40%, and exports jumped 50%, pointing to a healthier operating environment. The main near-term risk remains disruption to LNG supplies linked to the West Asia war, which could pressure output for gas-exposed players. Even so, stronger pricing power and operating leverage are expected to support robust Q4 earnings across much of the sector.
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