Steel Stocks Soar: Government's Anti-Dumping Duty Fuels Major Rally

• Steel stocks like Jindal Stainless, Tata Steel, SAIL surged up to 5% in intra-day trade, with 5-10% rally in two days.
• Government extended anti-dumping/safeguard duty on flat steel imports for three years, curbing cheap imports.
• Major steel companies hiked HRC and CRC prices by ₹750/tonne on Dec 30, 2025, with further increases expected.
• Rising raw material costs, limited stock, and improving domestic demand are driving price increases.
• ICICI Securities favors Tata Steel, while SAIL expects improved demand, production, and margins.

Why It Matters: Government's anti-dumping duty and price hikes are driving a significant rally in steel stocks.