Indian steel stocks surge after tariff on steel products

Steel Authority of India

31/12/2025 04:11

** Shares of steelmakers JSW Steel JSTL.NS, Tata Steel TISC.NS, Jindal Steel JINT.NS, Steel Authority of India SAIL.NS gain between 2%-4%

** They form the biggest pct gainers on Nifty metal index .NIFTYMET, which is up 1.33% vs 0.3% gain on benchmark Nifty 50 .NSEI index

** Govt imposed import tariffs between 11%-12% for three years on some steel products as it aims to curb cheap shipments from China

** JSTL, TISC, JINT rated "buy" on avg, while SAIL rated "hold" - data compiled by LSEG

** YTD, metal index up 28.7% vs 10% climb on Nifty 50

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))