01 Nov 2025 | 5 Mins Read
Steel giants JSW and SAIL reported stark contrasting quarterly profits
Flipitmoney
India's central government imposed a 12% safeguard duty to protect the local steel industry from cheaper imports. Despite this, steel imports remained high at 4.9 million tonnes in the first half of FY26. Steel stocks SAIL and JSW Steel traded near their 52-week highs, with JSW Steel's net profit rising 307% y-o-y to Rs 1,646 crore in the second quarter.