Tata Steel, JSW, Jindal Steel Soar 5% as Govt Imposes Steel Import Duties

• Steel stocks like Tata Steel, JSW Steel, and Jindal Steel surged 2-5% today, December 31.
• The rally followed the government's decision to impose safeguard duties of up to 12% for three years on select steel imports.
• Duties target non-alloy and alloy flat steel products, primarily from China, Vietnam, and Nepal, excluding specialty steel.
• The move aims to protect the domestic industry from cheap, low-quality imports and is expected to improve margins.
• Many steel stocks, including Tata Steel (up 28.5%), have already performed well in 2025.

Why It Matters: Government's new import duties on steel sparked a rally in major steel stocks, boosting domestic industry.