Steel Authority of India Ltd (SAIL), the country's largest steel producing company, has posted a 20.32% jump in its net profit for the April-June quarter, driven by higher sales volumes, increased

Domestic steel industry in India is facing tough time. The prices of raw materials are increasing day by day and the government is trying to stabilize the prices of final product (steel) under inflationary pressure.

JSW Steel’s vice-chairman and managing director, Mr Sajjan Jindal and Tata Steel managing director, Mr B. Muthuraman expressed concerns over global increase of steel prices.

Indiabulls Securities Ltd is bullish on Steel Authority of India Ltd (SAIL).

A growth of 22% in crude steel production has been noticed by JSW Steel Limited on comparable basis in Q1 FY 2008-09 including production of Salem works for corresponding period.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Tata Steel stock to achieve

Steel producers have limited exports of steel products to meet the domestic demand because of the administrative controls put by the government.