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Market move● Neutral for Indian equities
High input costs, policy support will likely keep steel prices higher than 2025
The brief
- Steel prices likely to stay higher than 2025, supported by high input costs and policy support
- Weak construction demand and China’s property downturn will cap steel offtake
- Higher steel prices may support SAIL, while construction weakness could weigh on infrastructure demand
- 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
- Steel Authority of India and Bharat Coking Coal signs MoU
- SAIL, Bharat Coking Coal sign MoU to jointly develop two coking coal blocks in West Bengal
- India vs China manufacturing: Where India stands as Jefferies flags scale, energy and capex gaps