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
India’s metal sector is heading into Q4FY26 with stronger momentum as rising steel prices and healthy seasonal demand improve the outlook for ferrous companies. Better realisations, firmer volumes, and a recovery in domestic steel prices are expected to support revenue and EBITDA growth for major steelmakers and tube producers.
The ferrous segment appears better placed this quarter, with improving demand trends from construction and infrastructure offering additional support. At the same time, higher coking coal and freight costs may keep margin expansion in check for some players.
The non-ferrous segment, however, looks more mixed. Aluminium companies could see sequential improvement from firmer metal prices, but year-on-year performance may remain under pressure due to company-specific challenges, hedging effects, and softer alumina trends.The bigger takeaway is clear: steel is leading the Q4 recovery story, while non-ferrous companies may continue to deliver an uneven earnings performance. For the broader metal sector, pricing power, volume growth, and cost control will remain the key themes to watch.
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