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Steel stocks surges as India to leave behind US in steel consumption this year

23 Jan 2019 Evaluate

Tata Steel is currently trading at Rs. 462.80, up by 6.00 points or 1.3% from its previous closing of Rs. 456.80 on the BSE. The scrip opened at Rs. 457.95 and has touched a high and low of Rs. 465.60 and Rs. 457.00 respectively. So far 208289 shares were traded on the counter.

JSW Steel is currently trading at Rs. 281.65, up by 3.90 points or 1.40% from its previous closing of Rs. 277.75 on the BSE. The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 284.90 and Rs. 277.60 respectively. So far 186331 shares were traded on the counter.

Jindal Steel & Power is currently trading at Rs. 139.75, up by 1.85 points or 1.34% from its previous closing of Rs. 137.90 on the BSE. The scrip opened at Rs. 137.30 and has touched a high and low of Rs. 140.90 and Rs. 137.30 respectively. So far 574255 shares were traded on the counter.

Steel sector stocks edged higher with Steel Minister Chaudhary Birender Singh’s statement that India is expected to edge past the US with regard to steel consumption this year.

Peers
Company Name CMP
JSW Steel 1247.05
Tata Steel 171.50
Steel Authority 171.50
Jindal Stainless 709.55
APL Apollo Tubes 2210.00
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