Bengaluru, Sept. 3 -- Nifty Metal made a day high of 9,681.25, up by 3.14 percent from its previous day closing of 9,384.35 points. It gained 297.65 points on Wednesday's trading session.

Tata Steel jumped by 6 percent, NMDC Steel by 10 percent, Hindalco Industries and JSW Steel by 3 percent, Jindal Steel and Steel Authority of India by 5.5 percent each, and several other metal stocks are also up.

But why did Steel Stocks record an upsurge today? Indian metal producers are poised for some exciting gains ahead, thanks to a mix of global and local developments that could boost demand, pricing power, and overall profitability. Below are some of the reasons that might work in its favour.

China's Steel Output Cuts a Big Positive for India A...