Steel Stocks Soar: Safeguard Duty Fuels Tata, JSW, Jindal Gains

• Major steel stocks like Tata Steel, JSW Steel, and Jindal Steel rallied 2-4% on Wednesday.
• The surge followed the government's announcement of a three-year safeguard duty (12%, 11.5%, 11%) on select steel imports.
• The duty aims to protect domestic producers from cheaper imports, particularly non-alloy and alloy flat steel products.
• Imports from China, Vietnam, and Nepal are covered, while specialty steel is excluded.
• This policy is expected to strengthen pricing for domestic mills, reducing competitive pressure.

Why It Matters: Government's new safeguard duty on steel imports boosted major steel stocks.