JSW vs. SAIL: One’s profit soared 307%, the other’s fell 49%. Here’s why.

Safeguard duty imposed earlier by the central government has helped to curb cheap steel imports being dumped into the country. And while price realisations were under pressure in the September 2025 quarter for JSW Steel and SAIL, cost management remained key for these players. Steel stocks are trading close to their 52-week highs and broadly factor in growth opportunities over the next few quarters.