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
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.
Also Read : India's GDP growth to slow down to 6.5% in FY25, projects Ind-Ra Jindal Steel Breakout Signals More Upside After Fresh Record High
Copper prices on the London Metal Exchange hit their highest level ever, $11,104.50 per metric tonne...
Non-Ferrous 24-May-2024
Steel tubes market to touch USD 122.19 billion by 2035. Market to grow at a CAGR of 2.1%, led by in...
Business 05-May-2025
✅ IIT Bombay & John Cockerill partner for green steel & hydrogen innovation.✅ Focus on low...
Business 21-Mar-2025
GAIL (India) Ltd's maiden green hydrogen plant at Vijaipur in Madhya Pradesh has been started making...
Mid Corporate 27-May-2024
An independent assurance and energy expert DNV, conducted a survey highlighted that 73% of senior en...
Energy 09-Apr-2024
India's market share is impacted by lower exports and rising steel production in China, but local de...
Business 25-Jun-2024