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Steel sector stocks trade higher despite iron ore prices in India may rise 3-4% in 2019

28 Feb 2019 Evaluate

Steel sector stocks are trading higher despite rating agency Crisil’s statement that domestic iron ore prices are likely to rise by 3-4% in 2019 on account of global supply glitch.

Jindal Stainless is currently trading at Rs. 35.45, up by 0.55 points or 1.58% from its previous closing of Rs. 34.90 on the BSE. The scrip opened at Rs. 35.20 and has touched a high and low of Rs. 35.55 and Rs. 35.00 respectively. So far 14270 shares were traded on the counter.

Steel Authority of India is currently trading at Rs. 48.95, up by 0.45 points or 0.93% from its previous closing of Rs. 48.50 on the BSE. The scrip opened at Rs. 48.55 and has touched a high and low of Rs. 49.00 and Rs. 48.15 respectively. So far 234595 shares were traded on the counter.

Tata Steel is currently trading at Rs. 506.90, up by 1.05 points or 0.21% from its previous closing of Rs. 505.85 on the BSE. The scrip opened at Rs. 505.80 and has touched a high and low of Rs. 508.50 and Rs. 502.05 respectively. So far 123974 shares were traded on the counter.

This would have a direct bearing on 62 percent of the steel production that is based on supply from merchant miners. Further, domestic steel prices are likely to soften following global cues.

Jindal Stainless Share Price

787.90 -1.55 (-0.20%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
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