fintech / news / / The Economic Times
Jefferies: China's falling steel production and exports will likely lift margins of the Indian players.
Chinese steel exports declined 9% year-on-year in Q1 2026, supporting Indian steel margins.
KEY POINTS
- India implemented a 12% steel safeguard duty in December 2025, boosting domestic prices by 20%.
- Jefferies projects JSW Steel and Tata Steel FY27 EPS to be 5-28% above consensus.
- Goldman Sachs forecasts Indian steel consumption to grow at 6.8% CAGR through FY32.
COMPANIES
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