Steel Companies
After three years, India warming up to Russian steel imports again
Russia re-enters India’s top five speciality steel suppliers after three years, redirecting exports hit by Western sanctions and undercutting Chinese and Japanese prices.
3 min read28 Oct 2025JSW One aims to become profitable this year, eyes IPO by FY28
The B2B online marketplace targets ₹ ₹50,000 crore in gross merchandise value (GMV) in the next 3 years. GMV is the total monetary value of all the products sold on a platform. The company clocked a GMV of about ₹12,500 crore in FY25 on its platform with a revenue of about ₹4000 crore.
2 min read26 Jun 2025For steel companies, Q4 was an inflexion point as prices, demand firm up
Firm steel prices and a decline in imports are expected to further improve the profitability of four integrated steel players JSW Steel, Tata Steel, Steel Authority of India and Jindal Steel moving ahead
2 min read6 Jun 2025Govt may harness public sector undertakings to drive green steel consumption
The steel ministry has asked various ministries to nudge the PSUs under them to be the first procurers of green steel being rolled out by the domestic industry, two people aware of the matter told Mint.
4 min read1 May 2025Cheap steel brought relief for automakers. But the bonanza may not last
If India imposes a safeguard duty to protect domestic industry, costs will rise for all steel-consuming industries. Hence, automakers cannot bank on lower steel prices to support margins forever.
4 min read20 Feb 2025Made-in-India parts to fuel JSW-MG Motor alliance's India drive
MG Motor’s Comet EV, a small urban hatch, is likely to benefit from the government's PLI scheme due to its increased focus on localization and an Indian pedigreeThe ministry of heavy industries may again review MG Motor India’s application to the PLI scheme for the auto sector
3 min read3 May 2024CLSA cautious on steel companies amid higher valuation, margin pressure; downgrades Tata Steel, JSW Steel
CLSA has downgraded Tata Steel to ‘Sell’ from ‘Outperform’ and cut its target price to ₹135 from ₹145 per share. It has also downgraded JSW Steel to ‘Sell’ from Underperform and reduced the target price to ₹730 per share from ₹810 earlier.
2 min read5 Mar 2024