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India’s steel industry is poised for a strong performance in the first quarter of FY26, driven by higher steel prices and the recent imposition of a safeguard duty on select imports. A new report projects increased earnings and better margins for major domestic producers as protective trade measures take effect.
The Indian government’s decision to implement a 20% safeguard duty on specific steel imports is aimed at curbing cheap inflows and stabilizing domestic prices. As a result, companies like Tata Steel, JSW Steel, and Jindal Steel & Power are expected to benefit from both reduced competition and firmer market rates.
Adding to the positive outlook, average steel prices have moved upward over the past few months, improving the realization per tonne for producers. The combination of these favorable trends is expected to boost profitability across the sector, especially in the flat steel segment.
Industry analysts also point to strong infrastructure demand and stable raw material costs as further tailwinds supporting this uptrend in Q1 FY26.
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