Jindal Steel Anticipates Higher Coking Coal Costs Amid Strong Domestic Steel Price Recovery
Jindal Steel projects coking coal costs will rise by $18 to $20 per tonne sequentially for Q4 FY26, adding to input cost pressures. However, domestic steel prices have shown strong recovery, increasing by INR3,000 to INR3,500 per tonne from December 2024 levels. The company expects pricing to remain robust due to high market demand conditions.

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Jindal Steel has outlined key cost and pricing trends that are expected to shape the steel industry landscape in the coming quarter. The company's management has provided guidance on both input cost pressures and favorable pricing dynamics in the domestic market.
Cost Pressures from Coking Coal
The company anticipates a sequential increase in coking coal costs for Q4 FY26, with projections indicating a rise of $18 to $20 per tonne. This represents additional input cost pressure for steel manufacturers, as coking coal is a critical raw material in the steel production process.
| Cost Parameter | Q4 FY26 Projection |
|---|---|
| Coking Coal Cost Increase | $18 to $20 per tonne (sequential) |
Domestic Steel Price Recovery
Despite rising input costs, the domestic steel market has shown strong price recovery. Current steel prices have increased significantly compared to December 2024 levels, providing some relief to steel manufacturers.
| Price Movement | Current Status |
|---|---|
| Domestic Steel Price Increase | INR3,000 to INR3,500 per tonne |
| Reference Period | From December 2024 |
Market Outlook
Jindal Steel expects steel prices to remain strong in the near term, supported by robust demand conditions in the market. The company's positive outlook on pricing sustainability suggests confidence in the underlying demand fundamentals for steel products.
The combination of rising input costs and strong steel prices reflects the current market dynamics, where demand strength is enabling steel companies to maintain pricing power despite cost pressures from raw materials.
Historical Stock Returns for Jindal Steel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.13% | +2.44% | +1.97% | +15.23% | +40.34% | +292.61% |


































