Nomura has retained its positive stance on the India steel sector and its ‘Buy’ ratings on Tata Steel, JSW Steel, Jindal Steel and Lloyds Metals and Energy, saying domestic steelmakers are well placed to benefit from recent price hikes. The brokerage said the price increases implemented in late 4QFY26 and through 1QFY27 are “more than sufficient to absorb any cost inflation arising from the West Asia crisis”. India’s rebar prices rebounded Rs 2,150 per tonne week-on-week to Rs 50,450 per tonne in the week ended July 31, snapping a three-month losing streak. HRC prices, meanwhile, declined marginally by Rs 100…
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