India's Steel Strips jumps on extension of anti-dumping duty on Chinese wheel imports

Steel Strips Wheels

11/01/2024 06:31

** Shares of Steel Strips Wheels  STWH.NS  rise as much as
7.03% to 276.15 rupees; highest intraday pct jump in four months
    ** India's trade remedies body recommends extension of
anti-dumping duty on aluminium alloy road wheel (ARW) imports
from China for five years
    ** STWH and unlisted companies Kosei Minda Aluminium, Maxion
Wheels Aluminium and Minda Kosei Aluminium Wheel, which account
for 80% production of aluminium ARW, had sought the extension 
    ** Trading volume on STWH is 1.01 million shares as of 11:56
a.m. IST, nearly quadruple the 30-day avg - LSEG data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))