Outlook 2025: Tata Steel, JSW, JSPL, SAIL others; Improvement in domestic steel prices hold key
2 weeks, 6 days ago

Outlook 2025: Tata Steel, JSW, JSPL, SAIL others; Improvement in domestic steel prices hold key

Live Mint  

Outlook 2025: The returns for investors by steel stocks during 2024 have remained a mixed bag. Range bound steel prices The mixed bag returns by Steel manufacturers have been led by range bound steel prices in the domestic markets, though steel demand in the country has remained good. The weak China demand has been the reason as it meant higher steel exports from China keeping international steel prices under check and also impacting Indian steel prices. If imposed analysts at PhillipCapital said that It is potentially more negative for steel players in the region, as they are hit by higher costs amid subdued realisations Outlook 2025 CY2024 was a challenging year for the domestic steel players, as the industry witnessed earnings pressure amidst steel exports from China and other FTA countries being diverted in large volumes to high-growth markets like India, said Ritabrata Ghosh, Vice President & Sector Head – Corporate Ratings, ICRA Limited. While domestic steel demand would remain resilient going forward, a meaningful recovery in buying activity in the Chinese property market, India Government’s trade policies to check rising steel imports, and global growth outlook following Trump 2.0 remain the key themes that would drive domestic steel prices in CY2025.

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History of this topic

Base metal miners likely to outshine steel companies in mixed Q3; JSPL, Hindalco emerge as top picks
1 day, 22 hours ago

Base metal miners likely to outshine steel companies in mixed Q3; JSPL, Hindalco emerge as top picks

Live Mint  

Domestic metal and mining companies with strong volume track records, superior product mixes and near-term expansion plans are expected to hold fort against swings in global prices and geopolitical uncertainties in the remainder of FY25, experts said ahead of the December quarter earnings season. ICICI Securities expects improving domestic consumption growth in Q4 to support falling steel prices, provided imports …

JSW Steel share price rebounds from intraday low after Q3FY25 update
5 days, 1 hour ago

JSW Steel share price rebounds from intraday low after Q3FY25 update

Live Mint  

Stock Market today: JSW Steel share price rebounded from intraday low after company released Q3FY25 update. The JSW Steel share price thereafter while dipped to intraday lows of ₹880.45 as the benchmark indices also saw selling pressure intensify. However business updates announced by the company meant that JSW steel share price bounced to ₹894.95 levels, marking gains of 1.6% from …

China exports push Nippon Steel to seek growth in US, India after blocked deal
1 week ago

China exports push Nippon Steel to seek growth in US, India after blocked deal

The Hindu  

Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White House, analysts say. China, by far the world's largest steel producer, has flooded the market with near-decade high export volumes as its struggling property sector …

Five contrarian stocks that could surprise the Indian stock market in 2025
1 week, 1 day ago

Five contrarian stocks that could surprise the Indian stock market in 2025

Live Mint  

As we approach 2025, investors are bracing for another year of market uncertainty, with traditional strategies often falling short in unpredictable conditions. The management said ITC Hotels will be listed on stock exchanges within 60 days after obtaining the National Company Law Tribunal order dated 16 December 2024. HUL’s brands are available in more than 8 million stores across India, …

Should you be wary of metal stocks in 2025?
2 weeks ago

Should you be wary of metal stocks in 2025?

Live Mint  

MUMBAI : While sectors like financials and information technology are stealing the spotlight with bullish predictions, metals seem to be the market's underdog. Many fund managers believe that investors should hold off for now and take another look at the sector once there is more clarity on China’s recovery and the US trade policy under the new administration. Uncertainty persists, …

Bruised by rising imports, steelmakers pin New Year hopes on safeguard duty
3 weeks ago

Bruised by rising imports, steelmakers pin New Year hopes on safeguard duty

Live Mint  

Mumbai: The commerce ministry's investigation into imports of flat steel products and a likely safeguard duty to curb their shipments have sparked optimism of a turnaround for Indian steelmakers after a tepid year marred by slipping sales price and shrinking margins. A safeguard duty, which is a temporary measure to protect the domestic industry from cheap imports, could finally arrest …

India’s benchmark indexes rebound after worst week since June 2022
3 weeks, 1 day ago

India’s benchmark indexes rebound after worst week since June 2022

Live Mint  

By Bharath Rajeswaran - India's benchmark indexes rose on Monday, led by heavyweights HDFC Bank and Reliance Industries, as well as metal stocks, and in line with regional peers on the back of lower-than-expected U.S. inflation data. The Nifty and Sensex dropped about 5% last week, the worst since June 2022, hurt by the U.S. Federal Reserve's projection of two …

Steel industry capacity utilization at 78 pc, govt plans safeguard duty
1 month ago

Steel industry capacity utilization at 78 pc, govt plans safeguard duty

Deccan Chronicle  

: The capacity utilisation of the domestic steel industry is set to drop to 78 per cent for the first time in four years. In order to check unprecedented imports, the government is considering imposing a 25 per cent duty on steel imports.Cheaper imports from China and countries under Free Trade Agreement along with ongoing capacity addition can lead to …

Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound
1 month, 3 weeks ago

Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound

Live Mint  

For India's steelmakers facing the lowest prices in the last four years, things may get worse before they get better. In September, benchmark hot-rolled coil prices fell to an average of ₹48,029 per tonne, slipping below the ₹50,000-per-tonne-mark for the first time since November 2020, according to data from BigMint, a market intelligence firm. Consequently, Narendran expects Tata Steel’s average …

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report
1 month, 3 weeks ago

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report

Live Mint  

New Delhi, November 20 : The annual capacity of India's steel industry will increase by 20 million tons between the financial year 2025-27, says Acuite Ratings & Research in its recent report. The report gives a positive outlook for the Indian steel industry in the medium to long term.Driven by strong growth in the automotive, real estate, and infrastructure sectors, …

Steel companies may see hiked demand, better margins in Q3FY25: Centrum report
1 month, 3 weeks ago

Steel companies may see hiked demand, better margins in Q3FY25: Centrum report

Live Mint  

New Delhi, November 19 : Steel companies may see improved demand and better margins in quarter three of the current fiscal year, according to a report by Centrum. The report adds that net debt for steel companies has increased overall by an average of 6-20 per cent QoQ in Q2FY25 due to ongoing capex expansion. For non-ferrous, aluminium and zinc, …

India lucrative for steelmakers because of higher infra spending, economic growth
6 months, 3 weeks ago

India lucrative for steelmakers because of higher infra spending, economic growth

Hindustan Times  

Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand. The case with steel exports Indian exports have been affected by a variety of reasons in the recent past including low production due to scheduled maintenance shutdowns, preference for the domestic market over …

Tata Steel share price hits 52-week high after Q4 update: Will it rise more?
9 months, 1 week ago

Tata Steel share price hits 52-week high after Q4 update: Will it rise more?

Hindustan Times  

Tata Steel share price: Shares of Tata Steel rose over 2 per cent to hit a fresh 52-week high ₹166.85, surpassing the earlier peak of ₹166.3 touched on April 3. Tata Steel share price: Automotive and special products segment deliveries increased by 8 per cent in FY24, the company said. The company produced 18.85 million tonnes of steel during the …

Tata Steel, JSW Steel, Jindal Steel Power, SAIL share prices gain up to 5% on strong China industrial output numbers
9 months, 3 weeks ago

Tata Steel, JSW Steel, Jindal Steel Power, SAIL share prices gain up to 5% on strong China industrial output numbers

Live Mint  

Tata Steel, JSW steel, Jindal Steel and power Ltd, Steel Authority of India Ltd saw their share prices rise up to 5.1%. Weak China demand had meant that exports from China remained elevated putting pressure on global steel prices too. As per Kotak Institutional Equities 14 March report, in 4QFY24, average domestic Hot rolled coil and rebar prices fell by …

After 3 years, Steel demand to grow in single digits in 2024-25
10 months, 1 week ago

After 3 years, Steel demand to grow in single digits in 2024-25

The Hindu  

With imports from China and Vietnam rising since last October, India is likely to be a net finished steel importer in 2023-24 after a gap of five years, and is likely to remain so in the coming year as well unless the external demand environment improves meaningfully, rating agency ICRA has said. Moreover, domestic steel consumption growth is expected to …

Indian steel exports at high risk from Europe's new carbon tax: Goldman Sachs
11 months ago

Indian steel exports at high risk from Europe's new carbon tax: Goldman Sachs

Hindustan Times  

Steel producers in India are most at risk from Europe’s new carbon tax on imports due to their high sales to the region and mills’ elevated emissions intensity, according to Goldman Sachs Group Inc. Steel is traditionally among the most polluting industries. Europe’s Carbon Border Adjustment Mechanism aims to subject imported goods such as steel to a levy to ensure …

Steel companies to see near-term headwinds, says BofA; raises target for Vedanta
11 months, 3 weeks ago

Steel companies to see near-term headwinds, says BofA; raises target for Vedanta

Live Mint  

The Indian metals and mining sector, especially the steel companies, are likely to face certain headwinds in 2024 with higher raw material prices and weak Chinese demand, analysts at BofA Securities said. The foreign brokerage firm continues to maintain its cautious view on India steel given elevated raw material costs especially coking coal and continued weakness in China which is …

JSW Steel crude steel production rises 12 per cent YoY in Q3
1 year ago

JSW Steel crude steel production rises 12 per cent YoY in Q3

India TV News  

JSW Steel recorded a 12 per cent year-on-year surge in its crude steel production for the third quarter of FY24. JSW Steel observed a 9 per cent year-on-year increase in crude steel production at its Indian operations, reaching 6.63 million tonnes. Meanwhile, its USA-Ohio operations exhibited significant growth, recording a 191 per cent surge in crude steel production year-on-year, totaling …

How India, not China, is leading the revival in global steel
1 year ago

How India, not China, is leading the revival in global steel

Live Mint  

After a slump in 2022, the global steel industry is set to close 2023 with marginal growth. After making a smart recovery from the pandemic in 2021 when production grew 3.6% at 1,912 million tonnes, the global steel industry slumped by 4.3% at 1,831.5 mt last year. The reasons for the decline last year were a fragile world economy grappling …

India's steel import to be elevated at 6MT in FY24 on strong demand: Crisil
1 year ago

India's steel import to be elevated at 6MT in FY24 on strong demand: Crisil

The Hindu  

India imported 4.26 MT finished steel in April- November 2023 and the import may touch 6 MT mark in the current fiscal mainly on account of strong domestic demand, according to a report by Crisil. "Strong domestic demand, supported by government spending on infrastructure, building and construction segments, is expected to keep India's steel imports elevated around the 6 MT …

Centre monitoring steel import situation as China shipments touch 5-yr high
1 year, 4 months ago

Centre monitoring steel import situation as China shipments touch 5-yr high

Business Standard  

India is monitoring steel imports after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country's steel secretary told Reuters on Monday. During April-July, China was the second-biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year …

Stocks to Buy: Tata Steel, JSW Steel, JSPL among top bets in metal sector
1 year, 4 months ago

Stocks to Buy: Tata Steel, JSW Steel, JSPL among top bets in metal sector

Live Mint  

The Indian economy is expected to grow at a much higher rate relative to the world and the government’s continued strong push to infrastructure capex is expected to boost domestic steel demand. Check out the stock to buy in the steel sector according to Prabhudas Lilladher: JSW Steel | Buy | TP: ₹ 926 Prabhudas Lilladher initiated coverage on JSW …

Tata Steel CEO says prices to ease in Q2
1 year, 5 months ago

Tata Steel CEO says prices to ease in Q2

The Hindu  

India’s Tata Steel Ltd. expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on July 25. The company, backed by India’s Tata Group, sees Indian steel industry prices in line with prices globally and not impacted …

Tata Steel shares rise after Q1 results 2023. Do you own?
1 year, 5 months ago

Tata Steel shares rise after Q1 results 2023. Do you own?

Live Mint  

Tata Steel share price recovered from early losses on Tuesday to trade over a percent higher after the company reported Q1 result in-line with analysts’ estimates. Tata Steel reported a 92% year-on-year drop in its consolidated net profit for the fiscal first quarter ended June 2023 at ₹525 crore, primarily due to weak performance of its Europe operations. The company's …

Govt initiates review of CVD imposition on stainless steel
1 year, 5 months ago

Govt initiates review of CVD imposition on stainless steel

Live Mint  

NEW DELHI : The Prime Minister’s Office has initiated discussions on the potential imposition of countervailing duty on stainless steel, raising hopes within the industry that such an action will curb cheap imports from China and support small and medium producers in India, two people familiar with the development said. Industry data showed that small and medium enterprises manufacturing 200 …

Tata steel Q1 results preview: Analysts are confident, can showcase good results
1 year, 5 months ago

Tata steel Q1 results preview: Analysts are confident, can showcase good results

Live Mint  

Tata Steel, India's largest steelmaker, is scheduled to announce its first-quarter results for FY2024 in this week. Tata Steel is expected to report strong earnings growth in the first quarter of FY2024, driven by robust sales and margin expansion. The company's operating margin is expected to improve by 150-200 basis points year-on-year, driven by the favorable product mix and the …

Domestic steel prices under stress as China demand dips
1 year, 7 months ago

Domestic steel prices under stress as China demand dips

Live Mint  

Since the start of FY24, steel prices have witnessed a continuous downward spiral, primarily driven by the demand weakness in China. According to ICICI Securities, the price of domestic hot rolled coil in the traders’ market fell by ₹500 per tonne week-on-week, hitting a new low of ₹58,200 per tonne on 21 May. An analysis by rating agency ICRA suggested …

Icra lowers steel price forecasts for FY24 as Chinese exports weigh on market
1 year, 7 months ago

Icra lowers steel price forecasts for FY24 as Chinese exports weigh on market

Live Mint  

New Delhi: Steel prices have been on a decline since the beginning of FY2024, with domestic hot rolled coil prices plummeting 3.8% in the current quarter due to falling Chinese exports, rating agency Icra said in a report on Thursday. Icra has revised its baseline steel price predictions for FY2024, forecasting an average year-on-year decrease of 4-5% in domestic HRC …

Britain’s deepening dependence on foreign steel fuels national security fears
1 year, 10 months ago

Britain’s deepening dependence on foreign steel fuels national security fears

The Telegraph  

Britain's increasing reliance on foreign steel has become a national security risk as the world fractures into competing blocs, defence experts have warned. A lack of domestic access to steel poses a threat to the defence industry and could make it harder to produce weapons for the armed forces, according to new research by the Royal United Services Institute. It …

Tata Steel, SAIL, JSW Steel, JSPL: Top metal stocks to buy or hold
1 year, 10 months ago

Tata Steel, SAIL, JSW Steel, JSPL: Top metal stocks to buy or hold

Live Mint  

Domestic steel demand is expected to maintain a growth of 6%-7% with higher outlay on infrastructure and impetus by the government, as per brokerage and research firm Antique Stock Broking which believes that Indian steel exports might see uptick, to fill the demand gap created by disruptions effected by earthquake in Turkey. The brokerage house has maintained its BUY rating …

Will steel stocks harden in 2023?
2 years ago

Will steel stocks harden in 2023?

Live Mint  

The year 2022 was a mixed bag for steel prices. Besides, the imposition of export duty on steel in late May by the government weighed on prices. “While the recent price hikes in global markets appear encouraging, we feel it is too early to call it a cyclical upturn,” said analysts at ICICI Securities Ltd. A dramatic rise in covid …

Centre working to fix gaps in airlines supply chain: Jyotiraditya Scindia
2 years, 1 month ago

Centre working to fix gaps in airlines supply chain: Jyotiraditya Scindia

Live Mint  

Union civil aviation minister Jyotiraditya Scindia said the government is open to easing rules to help Indian airlines boost capacity amid supply chain disruptions that have delayed deliveries of aircraft, engines, and other parts. In an interview, Scindia, who also oversees the steel ministry, said domestic steel producers would regain footprint in overseas markets after the export levy on the …

China's iron ore traders seek low-cost Indian supplies as steel margins slump
2 years, 1 month ago

China's iron ore traders seek low-cost Indian supplies as steel margins slump

The Hindu  

China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chinese steelmakers seek out cheaper raw materials to cope with meagre profits, said traders and analysts. "We are looking to resume buying from India after six months of suspension," said a Shanghai-based iron ore trader who booked some cargoes of Indian pellets for …

Steel makers see fall in prices; opportunities emerge in export markets
2 years, 4 months ago

Steel makers see fall in prices; opportunities emerge in export markets

Live Mint  

Operating conditions for steel manufacturers have deteriorated with a further fall in steel prices and rising coking coal prices. Domestic hot-rolled coil prices fell by Rs700 per tonne week-on-week to Rs55,200 per tonne, said a report by Nomura Financial Advisory and Securities dated 12 September quoting SteelMint. “Our channel checks indicate that dealers are adopting a cautiously optimistic approach towards …

Steel Stocks: Tata Steel Down 14%, JSW Hits Lower Circuit; What Are They Falling Today?
2 years, 7 months ago

Steel Stocks: Tata Steel Down 14%, JSW Hits Lower Circuit; What Are They Falling Today?

News 18  

Though the market started on a strong footing despite mixed cues from Asian markets, metal stocks were under tremendous pressure on Monday. Shares of steel companies fell up to 14 per cent on the BSE in Monday’s trade, after the government levied export duty on 11 iron and steel intermediates and key steel products. Top Metal Names Bleed Top metal …

Indian steelmakers face hit on Europe deals over export tax: JSPL
2 years, 7 months ago

Indian steelmakers face hit on Europe deals over export tax: JSPL

Live Mint  

Indian steel firms could be forced to cancel European orders and suffer losses after an overnight decision to impose export taxes on steel products, V R Sharma, managing director at Jindal Steel and Power told Reuters. India imposed an export tax of 15% on eight steel products late on Saturday, at a time steelmakers are looking to make up for …

Steel sector to see limited impact from external woes
2 years, 9 months ago

Steel sector to see limited impact from external woes

China Daily  

Employees check steel tubes at a production facility in Maanshan, Anhui province, in March. Amid price hikes, nation's stabilizing moves to keep production on track Adding more strain to global steel supplies and price inflation of raw materials, the Russia-Ukraine conflict has increased China's steel production costs, yet experts said as domestic steel market expectations level off amid Chinese authorities' …

Stock Recommendation: Buy These Two Metal Stocks For Up to 16% Gains in Short Term
2 years, 9 months ago

Stock Recommendation: Buy These Two Metal Stocks For Up to 16% Gains in Short Term

News 18  

Metal stocks are on a surge as traders bet on a further run-up in commodity prices on expectations that supply disruptions from Russia following economic sanctions from Western powers will choke supplies. The nifty Metal index has continuously set fresh all-time highs in recent weeks as commodity prices soar higher and investors rush towards metal stocks to capitalise on the …

Stocks You Can Bet on For Healthy Double-Digit Returns
2 years, 9 months ago

Stocks You Can Bet on For Healthy Double-Digit Returns

News 18  

The revival in the Indian indices has been in tune with their overseas peers. Revenue up 15 per cent YoY to Rs 3652 crore supported by strong growth in the wire & cable segment. Tata Steel – View Buy : Rs 1300 | Target – Rs 1776 Tata Steel Group is among the top global steel companies with an annual …

Steel prices jump as Russia-Ukraine conflict hits supply chains
2 years, 10 months ago

Steel prices jump as Russia-Ukraine conflict hits supply chains

The Hindu  

Domestic steel makers have raised the prices of hot-rolled coil and TMT bars by up to ₹5,000 per tonne as supply chains are being impacted amid the ongoing war between Russia and Ukraine. After the price revision, a tonne of HRC would cost about ₹66,000, while buyers would get TMT bars for about ₹65,000 per tonne, the sources said on …

India's steel consumption set to break records as Covid-hit economy revives
3 years, 5 months ago

India's steel consumption set to break records as Covid-hit economy revives

Hindustan Times  

India’s steel consumption is set to break records this year, reversing the performance in 2020 when demand crashed as the pandemic upended economic activity. Demand for steel is expected to surge 17% to 110 million tons in the year started April. Demand for steel is expected to surge 17% to 110 million tons in the year started April, according to …

This appears to be the third supercycle for commodities: Seshagiri Rao
3 years, 7 months ago

This appears to be the third supercycle for commodities: Seshagiri Rao

Live Mint  

JSW Steel, which reported an 18% growth in quarterly profit, expects demand for commodities to stay strong for a sustained period as the global economy recovers from the pandemic. Seshagiri Rao, joint managing director and group chief financial officer of JSW Steel, said this could well be the third supercycle for the commodities sector, led by demand from China and …

How Tata Steel is making the most of the metals surge
3 years, 8 months ago

How Tata Steel is making the most of the metals surge

Live Mint  

Tata Steel Ltd has been making the most of the increase in demand for the base metal after the pandemic. Thanks to higher realizations and a better handle on costs, Tata Steel reported a sharp jump of 132% year-on-year in operating profit to ₹26,235 per tonne. View Full Image Satish Kumar/Mint However, Tata Steel Europe’s profitability was a tad lower …

Steel prices have tripled. Now Bank of America is sounding the alarm
3 years, 8 months ago

Steel prices have tripled. Now Bank of America is sounding the alarm

CNN  

New York CNN Business — A bubble could be brewing in steel stocks. It’s just a matter of when and how it happens.” Phil Gibbs, director of metals equity research at KeyBanc Capital Markets After bottoming out around $460 last year, US benchmark hot-rolled coil steel prices are now sitting at around $1,500 a ton, a record high that is …

Steep steel prices hurt several sectors as China gorges on ore
4 years ago

Steep steel prices hurt several sectors as China gorges on ore

The Hindu  

With several automakers recently announcing price increases to offset input costs, steel prices have come under the spotlight. Market intelligence firm SteelMint said on Friday that Indian iron ore exports had doubled to 40.7 million tonnes in 2020, from the previous year’s 19.1 mt. The ISA wrote to the Prime Minister’s Office last month flagged a dip in domestic iron …

Defying Trade Tensions, Chinese Buyers Snap Up Indian Steel as Exports Double between April & July
4 years, 4 months ago

Defying Trade Tensions, Chinese Buyers Snap Up Indian Steel as Exports Double between April & July

News 18  

India’s steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi. Leading Indian steel companies Tata Steel Ltd and JSW Steel Ltd were among Indian companies that sold a total of 4.64 million tonnes of …

Tata Steel's sale of building systems unit stalls: Report
4 years, 5 months ago

Tata Steel's sale of building systems unit stalls: Report

Live Mint  

LONDON: Tata Steel has laid aside plans to sell its Building Systems unit, which makes cladding and insulation panels, two sources close to the matter said, citing uncertainty in the industry that was aggravated by the coronavirus crisis. {{^adFree}} {{/adFree}} Tata Steel late last year hired French investment bank Credit Agricole to help find a buyer for the business operating …

Shining sector
4 years, 9 months ago

Shining sector

The Hindu  

In February, the Press Information Bureau announced that according to World Steel Association data, India had become the second largest steel producer of crude steel after China in 2018 and 2019, replacing Japan. Data from the association showed that China also led the world in exports of steel products in 2018, followed by Japan, Russia, South Korea and Germany. According …

Tata Steel, JSW raise steel price by Rs 500-800 a tonne
4 years, 10 months ago

Tata Steel, JSW raise steel price by Rs 500-800 a tonne

India TV News  

Indian steel majors have raised the price of steel between Rs 500 and Rs 800 a tonne in the wake of higher input costs and shortage in the international markets as coronavirus have hit China's steel production. "Tata Steel has raised the price by Rs 500-750 a tonne, a senior Tata Steel official told PTI. "We have raised the price …

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