Sambhv Steel Tubes strengthens market reach with integrated manufacturing push Ferrous growth picks up as steel prices recover Anil Agarwal seeks $25 billion mining push for steel India’s finished steel consumption rises 7% in FY26
Jefferies has flagged Tata Steel and JSW Steel as attractive buys after a sharp gap opened between steel prices and stock performance. Since the start of the Middle East conflict, domestic steel prices have risen about 6%, while both stocks have corrected roughly 9% to 10%. The brokerage believes this mismatch is creating a buying opportunity, especially as its FY27-FY28 earnings estimates for the two companies remain 6% to 24% above Street expectations. Jefferies also said a 1% rise in steel prices could lift earnings per share by 5% to 8%, while a recovery in Asian conversion spreads may drive another 13% upside in Indian steel prices. The firm remains constructive on the steel sector, supported by improving global supply-demand balance, reasonable valuations, and stronger profitability visibility for major Indian metal stocks.
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