Tata Steel share price

JSW Steel and Tata Steel share prices: The Street has turned cautious on steel stocks as global steel prices, which soared as a result of the Russia-Ukraine ...

Major steelmakers have urged the government to reduce or remove export duty on steel products amid falling prices and rising domestic supply. The brokerage said future spreads are likely reverting to the historical average and that it sees a risk to regional prices with weak China property. Following the CS report, JSW Steel shares fell 2.6 percent intraday trade and traded at Rs 646.65 (intraday low) on BSE at 1:45 pm. Jindal Steel shares, meanwhile, fell nearly 4 percent in today’s session at Rs 390. At 1:45 pm, the stock was trading at Rs 106.50, down 3.18 percent from previous close on BSE. Global brokerage Credit Suisse believes the resilience in domestic steel prices is unlikely to sustain.