In a move to set off the revenue outgo over rising iron ore prices, the domestic steel companies are likely to hike steel prices for the third time in a month. The state-owned NMDC has already hiked iron ore prices and other iron/sponge iron manufacturers are expected to follow the price rise soon.
Steel Authority of India is currently trading at Rs 97.40, up by 0.75 points or 0.78% from its previous closing of Rs 96.65 on the BSE. The scrip opened at Rs 96.20 and has touched a high and low of Rs 97.70 and Rs 96.20 respectively. So far 98963 shares were traded on the counter.
JSW Steel is currently trading at Rs 762.85, up by 5.20 points or 0.69% from its previous closing of Rs 757.65 on the BSE. The scrip opened at Rs 760.00 and has touched a high and low of Rs 765.00 and Rs 755.30 respectively. So far 106002 shares were traded on the counter.
Tata Steel is currently trading at Rs 465.00, up by 1.30 points or 0.28% from its previous closing of Rs 463.70 on the BSE. The scrip opened at Rs 466.00 and has touched a high and low of Rs 466.50 and Rs 461.80 respectively. So far 171874 shares were traded on the counter.
| Company Name | CMP |
|---|---|
| Tata Steel | 206.55 |
| JSW Steel | 1204.00 |
| SAIL | 167.90 |
| Jindal Stainless | 765.15 |
| APL Apollo Tubes | 1978.50 |
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