SAIL Hikes Steel Prices by Rs 1,000/MT Effective Tonight

Steel Authority of India Ltd. (SAIL) is set to implement a significant price increase for its steel products, raising rates by Rs 1,000 per metric ton, effective tonight. This adjustment aligns with similar moves observed across other major steel producers in the market.

The decision also includes an additional retail price hike of Rs 1.50 per metric ton, which will take effect from September 1. This comes amidst a strong upward trend noted within the secondary brand market for steel.

Key Price Adjustments

• SAIL will increase steel prices by Rs 1,000 per metric ton tonight.
• An additional retail price hike of Rs 1.50 per metric ton begins September 1.

The thermo-mechanically treated (TMT) bars market is anticipated to maintain its firm stance and continue its upward trajectory. This outlook underscores broader positive sentiment within the steel sector.

Q1 FY27 Financial Overview

SAIL’s first quarter of fiscal year 2027 saw a sequential decline in key financial metrics. The company reported a net profit of Rs 1,644 crore.

• Net profit declined by 10.4% sequentially to Rs 1,644 crore.
• Revenue from operations dropped by 14.8% to Rs 26,246 crore.
• Earnings before interest, taxes, depreciation, and amortisation (EBITDA) slid 5.8% to Rs 4,153 crore.

Despite the decline in EBITDA, the company’s margin expanded by 150 basis points, reaching 15.8% during the quarter. SAIL also noted a one-time cost of Rs 144 crore in Q1.

SAIL Share Performance

SAIL’s shares demonstrated robust performance, closing with a 5.59% increase at Rs 194.90. This positive movement contrasted with the NSE Nifty 50, which experienced a 0.52% downturn.

• SAIL shares closed at Rs 194.90, up 5.59%.
• The stock’s 52-week low stands at Rs 118.10.
• Its 52-week high reached Rs 209.70.
• Year-on-year, SAIL’s shares have increased by 62.50%.
• Market capitalization is Rs 55,947.97 crore.
• The P/E ratio is 30.04.

The announced price hikes are poised to influence SAIL’s future financial results and market positioning, building on the company’s strong year-on-year share performance and strategic market adjustments.