Market-Beating Gains From Top India Steelmakers to Extend: Chart

Tata Steel Ltd. and JSW Steel Ltd. have been the stars of the nation’s stock market this year, and analysts forecast a strong 24 months ahead. Local steel prices are seen firming up amid improving demand, sustained exports and lack of new capacity coming on stream, according to Morgan Stanley. Realizations from every ton of the alloy sold could increase by five to 19 percent over fiscal 2018 and 2019, the U.S. bank said.

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