Metal stocks surge up to 3% as India imposes 12% safeguard duty on steel imports for 200 days

Metal stocks surge up to 3% as India imposes 12% safeguard duty on steel imports for 200 days

Metal stocks surged up to 3% in early trade on the BSE on Tuesday after the Indian government imposed a 12% provisional safeguard duty on certain steel products to curb rising imports, according to a Finance Ministry notification issued on Monday. The shares of Tata Steel surged the highest- by 2.6% to their day’s high … Read more

China stimulus lifts local metal shares

China stimulus lifts local metal shares

Mumbai: Shares of metal companies surged on Wednesday as China’s move to prop up its economy is seen boosting demand and prices of metals, but experts remain skeptical of this rally sustaining till there are definitive signs of stronger growth in the world’s second-largest economy.Hindalco Industries, Tata Steel, JSW Steel, Jindal Steel and Power, Steel … Read more