Why steel company shares are going down?

One of the reasons for the street’s disappointment was the slow pace of debt reduction in the company. It was the sharp fall in global steel prices that caused the bigger dent to the steel maker’s stock price. Check out the latest news, analysis and updates on Business Insider.

Is JSW Steel a good buy today?

JSW Steel Limited (NSE: JSWSTEEL) As on 16th Dec 2021 JSWSTEEL Share Price closed @ 662.15 and we RECOMMEND Buy for LONG-TERM with Stoploss of 616.20 & Sell for SHORT-TERM with Stoploss of 668.93 we also expect STOCK to react on Following IMPORTANT LEVELS.

What is the future of JSW Steel share?

Munafa value: 50 as on 15 Wed Dec 2021

Is JSW Steel a good buy Quora?

JSW Steel is a good company to invest in. CMP 222. You can keep for 1 year or 2 years in your portfolio. The share price can go upto 300 in coming months or years.

Why are steel stocks up?

Benchmark steel prices are up about 87\% year to date, to almost $1,900 a ton. Steel prices averaged about $600 a ton in 2019, the year before the pandemic. The reason commodity prices are up isn’t a mystery. Reduced supply and better than expected demand coming out of the pandemic is the reason.

Are metal prices up or down?

Since March 2020, steel prices are up a staggering 215\%. The benchmark price for hot-rolled steel hit another all-time high last week, climbing to $1,825. Prior to the pandemic, it traded in the $500 to $800 range. Soon, steel-heavy products like grills and refrigerators were in high demand.

Will JSW Steel share price go up?

Will JSW Steel stock price grow / rise / go up? Yes. The Jsw Steel Ltd stock price can go up from 661.950 INR to 777.114 INR in one year.

Why is JSW Steel rising?

One of major factor for rising steel pricing along with logistical disruption had been tightening of control by China How long China factor will help in keeping the metal prices higher needs to be watched. Already some volatility is being witnessed in global metal markets.

Is JSW Energy a multibagger?

JSW Energy Ltd, an Indian company engaged in the business of power generation, transmission and trading, has turned multibagger by delivering bumper returns of 470\% as of October 7, 2021. In FY21, on a consolidated basis, the company reported a turnover of Rs 7,160 crore.

Which steel share is best?

Top 10 Metals Stocks to Buy in India – List of Best Metals Shares to Buy

https://www.youtube.com/watch?v=JPYIS2l2FAQ