Mahamaya Steel Industries Ltd (BSE: 513554) has hit a new 52-week high of Rs. 411 on September 25, 2025. The surge comes amid rising steel demand in India, government-led infrastructure push, and strong quarterly performance. The company, which manufactures structural steel products like angles, beams, and channels, has seen its market capitalization rise significantly. Analysts … Read more
Jindal Steel & Power (JSPL) is exploring the acquisition of a Thyssenkrupp steel division in Europe, a move that could help the company navigate the EU’s Carbon Border Adjustment Mechanism (CBAM). With CBAM fully phasing in by 2026, Indian steelmakers exporting to Europe will face new carbon-related levies. By acquiring local assets, Jindal Steel can … Read more
Steel prices in the European Union (EU) are witnessing a sharp surge in Q3 2025. The combination of low inventories and rising input costs has created a supply-demand imbalance that is pushing prices to multi-year highs. Prices for hot-rolled coil (HRC) reached €780 per tonne, up nearly 18% from Q2 2025. Analysts warn that unless … Read more