Tata Steel to SAIL: These stocks in action after govt imposes 12% safeguard duty on certain steel products
Steel stocks are in action on Tuesday, i.e. on April 22, 2025, after the government imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories. The products on which this duty has been imposed include rolled coils, sheets and plates. According to the government, the duty has been imposed to protect domestic players from a surge in imports. As a result, stocks like Tata Steel, JSW Steel, Jindal Steel and Steel Authority of India (SAIL) gained in the early trade.
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