New Delhi, April 28 -- Shares of steel companies surged to fresh highs on Tuesday, with Tata Steel, JSW Steel and SAIL rising, supported by strong brokerage optimism on the sector's medium- to long-term outlook. The rally was driven by a combination of company-specific triggers and improving global dynamics, alongside a broader shift in sentiment towards Indian metals.

Tata Steel touched a record high of Rs.218.24, while JSW Steel rose 2% to its peak of Rs.1305.90. Moreover, SAIL gained 2.7% to its 52-week high of Rs.189.05.

The gains reflect increasing confidence that India could emerge as a key driver of global steel demand, especially as China's dominance weakens.

Brokerages believe favourable macro trends, rising infrastructure spe...