India's steel stocks jump on tariff to curb cheap imports

JSW Steel

31/12/2025 03:48

Dec 31 (Reuters) - Shares of India's major steel companies jumped between 2% and 4% on Wednesday, a day after New Delhi imposed import tariffs on some steel products as the government aims to curb cheap shipments from China.

Shares of India's top steel makers Tata Steel TISC.NS and JSW Steel JSTL.NS jumped 3.5% and 2.7%, respectively, topping the gainers on benchmark Nifty 50 .NSEI index, which rose 0.3%.

 (Reporting by Vivek Kumar M; Editing by Mrigank Dhaniwala)

 ((VivekKumar.M@thomsonreuters.com;))