NMDC Ltd. Share Price

Steel Exchange India posts ₹340 crore Q2 revenue

Steel Exchange India posted a provisional Q2 FY27 revenue of approximately ₹340 crore, driven by record Re-Bar production. The company achieved an all-time high quarterly output of 69,617 Metric Tonnes. Provisional revenue surged 46% YoY to ₹340 crore and 25.6% QoQ, supported by September's peak monthly production of 25,095 MT. This was catalyzed by the new Reheating Furnace, which added 7,417 MT last month, alongside raw material security from the NMDC partnership. This proves the recent capex cycle is translating directly into physical volume for its Simhadri TMT brand. I am watching the Q3 FY27 margin realization in December 2026 to see if the NMDC synergy offsets rising coking coal costs, and the exact capacity utilization rate of the new furnace. The market is cheering the 46% revenue jump as a pure cyclical steel upswing. What the consensus misses is the structural margin defense created by the NMDC partnership and the new Reheating Furnace. Most mid-cap TMT players get crushed when raw material costs spike because they buy spot iron ore. By locking in NMDC supply and adding internal reheat capacity, Steel Exchange is mechanically lowering its conversion cost per tonne. The market prices this as a standard volume play, ignoring that this specific operational setup creates a permanent cost advantage that will protect EBITDA margins even if global steel prices correct. Accumulate for long-term margin and volume expansion. Disclosure: I do not hold positions in this stock. This is for educational purposes only and does not constitute investment advice.

“Metal Stocks में गिरावट: Risk या Buying Opportunity?”

7 अक्टूबर को Nifty Metal करीब 2.3% गिरा, जबकि NALCO, Hindalco, JSW Steel,

Essar Group $18 Billion US Steel Plant Plan

Essar Group, through its US subsidiary Mesabi Metallics, plans to invest approximately ₹1.70 lakh crore ($18.00 billion) to construct a major steel plant in Iowa, USA, featuring an annual production capacity of 10 million tonnes. Announced at the White House, the megaproject establishes an integrated supply chain anchored by Essar’s iron ore operations in Minnesota, where the company is separately deploying ₹28,491 crore ($3.00 billion) to develop a new iron ore mine. While US Commerce Secretary Howard Lutnick estimated the combined mine and steel complex investment at ₹1.67 lakh crore ($17.50 billion), company promoters pegged total outlay at ₹1.70 lakh crore ($18.00 billion), supplying raw materials directly to the upcoming Iowa facility. Scheduled to commence production around 2030 using advanced steelmaking technologies, the integrated facility will process Minnesota-mined iron ore into finished steel in Iowa for both domestic consumption and global exports. The initiative is projected to generate up to 6,000 construction jobs, create nearly 2,000 permanent manufacturing and mining roles, and contribute an estimated ₹9.022 lakh crore ($95.00 billion) to the US economy. Building on Essar’s presence in Minnesota since 2007—following its acquisition of Minnesota Steel and its 1.4 billion tonnes of iron ore reserves—this venture significantly expands the group’s international footprint across steel, refining, and energy infrastructure.

PRE MARKET--> FIIS/ IT STOCKS/ NIFTY & BANKNIFTY AND MORE...

Nifty Deeply Oversold! Crude Cools, FIIs Keep Selling — Can IT Stocks Trigger a Relief Rally? Indian markets enter today's session at a critical point. After eight consecutive weekly declines, Nifty is now trading near multi-month lows and technical indicators have moved into deeply oversold territory. The biggest question for investors is: Can an oversold market finally see a relief bounce, or will continued FII selling keep the pressure alive? There are some encouraging signals — particularly from crude oil and global IT — but foreign selling remains the biggest obstacle. ---->Nifty Is Deeply Oversold The Indian market has gone through an unusually long period of weakness. Nifty has recorded its eighth consecutive weekly decline, its longest losing streak in 25 years. The index closed around 22,422 in the previous session, while technical analysts have highlighted the 22,200–21,740 zone as an important structural support area. ---->FIIs Are Still Selling The biggest problem remains foreign institutional selling. FIIs have been consistently reducing exposure to Indian equities. In September alone, FIIs reportedly pulled out around ₹44,010 crore, while DIIs invested nearly ₹76,030 crore. ---->IT Could Provide the Market Some Support One of the most interesting positive triggers is coming from global IT. Accenture delivered a strong Q4

NMDC Declares Final Dividend of ₹1 Per Share

Navratna PSU

Essar’s $15 Billion US Steel Bet: A Global Signal..

Imagine a steel plant so large that it could reshape an entire regional supply chain. That is the ambition behind Essar Group’s planned steel complex in Iowa, through Mesabi Metallics. The reported project involves around **$15 billion for the Iowa steel plant**, while Essar’s broader US investment is reported at about **$18 billion**. The integrated operation is expected to use iron ore from Minnesota and eventually produce around **10 million tonnes of steel annually**, with production targeted around 2030. For Indian investors, the interesting part is not simply the Essar announcement. It is the broader message: **steel is increasingly being viewed as a strategic material for manufacturing, infrastructure, defence, automobiles and energy.** If global steel capacity expansion accelerates, investors may want to study Indian Nifty 500 companies exposed to the steel and metals ecosystem. 📌 **Indian Nifty 500 stocks to study for sector exposure:** • Tata Steel Ltd • JSW Steel Ltd • Jindal Steel Ltd • Steel Authority of India Ltd (SAIL) • Jindal Stainless Ltd • NMDC Ltd •