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Steel Prices Poised for March Quarter Hike; JSPL, JSW Lead Axis Securities' Top Picks
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Steel Price Hike Expected in March Quarter; JSPL, JSW Top Picks: Axis Securities
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CNBC TV18
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25-02-2026, 13:12
Steel Price Hike Expected in March Quarter; JSPL, JSW Top Picks: Axis Securities
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Axis Securities predicts another round of steel price hikes, favoring private steel makers over PSUs.
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Seasonal demand recovery and reduced import pressure are expected to support domestic steel prices.
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Hot rolled coil (HRC) prices have increased by ₹4,500-5,000 per tonne, potentially boosting spreads by ₹3,500-4,000 per tonne in Q4FY26.
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Jindal Steel and Power (JSPL) and JSW Steel are top picks, followed by Tata Steel; SAIL is a tactical opportunity.
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Ferrous metals are preferred over non-ferrous due to recent rallies in base metal stocks; aluminium has stronger near-term fundamentals than copper.
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