India, Sept. 30 -- The Indian steel industry is regaining investors' focus, driven by continued strength in domestic HRC prices and improving steel spreads. On the other hand, the external environment, including steel prices from China, discipline and cost of coking coal, is giving out conflicting signals.

With major steel companies including Tata Steel, JSW Steel, Jindal Steel and SAIL exposed to these changing market conditions, movements in domestic prices, global demand-supply dynamics and raw-material costs could remain important factors for the sector's outlook.

Morgan Stanley On Steel: Constructive Outlook for the Next 12 Months Morgan Stanley expects steel stocks to perform well over the next 12 months, supported by relatively ...