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Steel companies in India are set to raise around ₹4,000 crore through IPOs over the next 12 to 18 months, following the government's introduction of a three-year safeguard duty on select flat steel imports. This duty aims to improve pricing visibility for domestic producers and is expected to revive previously postponed fundraising efforts. Over a dozen companies, including AOne Steels India Ltd and Jindal Supreme (India) Ltd, are preparing for IPOs to support capacity expansion and green steel initiatives, with analysts forecasting a 6-9% CAGR in volume from FY26 to FY28.