MUMBAI, April 23 -- Steel companies are set to post a strong March quarter (Q4FY26), thanks to firm demand and higher prices after hitting multi-year lows in November 2025. Will this momentum continue in the coming months?

Mint breaks down why this rally in prices is expected to decline starting mid-May.

Steel prices began rising around mid-December, driven initially by higher coking coal costs, and continued to gain through the quarter. The uptrend was supported by a mix of domestic and global factors. Extended safeguard measures protected local producers from an influx of cheaper imports, while a slowdown in Chinese exports tightened global supply.

Brokerage firm PL Capital expects metal companies to deliver a strong performance.

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