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Jindal Steel & Power Ltd up for five straight sessions | Business Standard News


Jindal Steel & Power Ltd is quoting at Rs 365.2, up 6.29% on the day as on 12:44 IST on the NSE. The stock is up 478.31% in last one year as compared to a 82.41% gain in NIFTY and a 172.43% gain in the Nifty Metal.
Jindal Steel & Power Ltd rose for a fifth straight session today. The stock is quoting at Rs 365.2, up 6.29% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 14745.7. The Sensex is at 49581.27, up 0.15%. Jindal Steel & Power Ltd has added around 7.95% in last one month.
Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has added around 5.63% in last one month and is currently quoting at 3977.2, up 4.32% on the day. The volume in the stock stood at 92.26 lakh shares today, compared to the daily average of 84.3 lakh shares in last one month. ....

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How China's Surge of Iron Ore Imports Seems to be Impacting Global Steel Production


How China s Surge of Iron Ore Imports Seems to be Impacting Global Steel Production
- FN Media Group Presents USA News Group News Commentary
VANCOUVER, BC, April 1, 2021 /PRNewswire/ USA News Group - Back in the first quarter of 2020, China imposed economic lockdowns to combat the spread of coronavirus-an action that initially hit global prices of iron ore. But since reopening, China s economy has significantly bounced back into growth, causing a major swing in demand for steel production, and a record breaking August for iron imports.
Global steel production recovered in response, pushing steel and iron producers such as
Cleveland-Cliffs Inc. (NYSE:CLF), ....

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Rising steel prices to hit the auto and real estate sector hard


Rising steel prices to hit the auto and real estate sector hard
April 01, 2021
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The continuing surge in global steel demand, production curbs in China, and high iron ore prices will together fuel another surge in domestic steel prices, according to analysts.
“We believe domestic hot-rolled coil (HRC) prices are likely to see two hikes in India: up to ₹4,000 per tonne now and another ₹2,000-3,000 per tonne in April,” Motilal Oswal Institutional Equities said on Thursday.
Anticipating HRC prices to go up by at least ₹3,500-4,000 per tonne in April, CARE Ratings on Tuesday added that “a ₹4,000 per tonne hike will take domestic HRC prices to ₹59,000-60,000 per tonne, which would be the highest level seen since 2008.” ....

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APL Apollo Tubes Ltd leads losers in 'A' group


Redington India Ltd, Metropolis Healthcare Ltd, Kennametal India Ltd and Coromandel International Ltd are among the other losers in the BSE s A group today, 01 April 2021.
Redington India Ltd, Metropolis Healthcare Ltd, Kennametal India Ltd and Coromandel International Ltd are among the other losers in the BSE s A group today, 01 April 2021.
APL Apollo Tubes Ltd lost 5.83% to Rs 1318.9 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 10011 shares were traded on the counter so far as against the average daily volumes of 19193 shares in the past one month.
Redington India Ltd tumbled 3.54% to Rs 183.95. The stock was the second biggest loser in A group.On the BSE, 17547 shares were traded on the counter so far as against the average daily volumes of 55204 shares in the past one month. ....

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