Motilal Oswal sees steel price surge boosting metal majors
after close1 source ↓written by the desknot a recommendation
Motilal Oswal Financial Services reports a shift in the domestic steel cycle, with hot-rolled coil prices up 7% to ₹62,000 per tonne and cold-rolled coil prices rising 8% to ₹70,500 per tonne in September. This pricing strength, driven by lean inventories and rising input costs, suggests cost-led earnings growth for metal majors. Traders may see increased momentum in steel stocks as prices stabilize.
Not investment advice. For informational purposes only.