← Top stories
Market move▲ Bullish for Indian equities
Steel sector eyes stronger quarters as demand and realisations improve
The brief
- Low inventories, stronger seasonal demand and firm prices could support steel makers
- Raw material costs and domestic supply-demand trends remain key factors
- Improving demand and realisations may support Indian steelmakers, while input costs remain a risk
- New steel policy to target 600 MT capacity, 500 MT consumption: Steel secy
- India targets 600 million tonnes of steel capacity by 2047 in new policy
- A-One Steels IPO Day 3: GMP at 14%, issue subscribed 1.35 times; key details
- AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator