Stainless Steel - All Set To Shine Ahead,  Says ICICI Direct
Stainless steel strips pass though a cutting machine in the razor blade strip shop at a factory in Haryana, India. (Photographer: Udit Kulshrestha/Bloomberg)

Stainless Steel - All Set To Shine Ahead,  Says ICICI Direct


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Over the last few decades, stainless steel has emerged as a metal of choice due to its diverse applications.

Stainless steel is used in architecture, building and construction, automobiles, railways, transport, process industries, etc.

Stainless steel, due to its distinct characteristics, has an edge over carbon steel. It provides a good combination of strength, pliability, has a longer average product lifecycle and a relatively low/nil maintenance cost compared to carbon steel.

The edge of stainless steel over carbon steel is clearly visible in terms of difference in demand growth rate of both metals.

Click on the attachment to read the full report:

ICICI Direct Initiating Coverage on Stainless Steel Sector Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.