India turns net exporter of finished steel in FY26 Global scrap market faces tighter supply pressure Indian steelmakers urged to act on decarbonisation Royal Steel eyes global demand for structural steel
Steel Authority of India (SAIL) shares moved higher on Friday, rising 0.74% to ₹156.95 in morning trade. The move adds to a strong recent run: the stock is up 7.28% over the past month, outperforming the BSE Metal index and the Sensex, signalling improving sentiment in the metals space.
Sector cues also remained supportive, with the broader metal index edging up on the day alongside gains in select peers. However, trading activity in SAIL was lighter than usual in early deals, suggesting the rally is being tested for follow-through rather than driven by heavy momentum buying.
SAIL has been trading close to its recent peak after touching a record high of ₹162.95 on 12 February 2026. On the downside, the stock’s 52-week low stands at ₹101.20 (9 April 2025), highlighting how sharply the counter has recovered over the last year.For investors tracking breakouts, the key monitor points are whether SAIL holds above recent support zones and sees stronger volumes—often a sign that gains can sustain beyond a short-term spike.
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