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

Govt considering proposal to impose safeguard duty on steel imports

Govt considering proposal to impose safeguard duty on steel imports

New Delhi: The government is considering a proposal to impose safeguard duty on steel imports, Union Steel Minister H D Kumaraswamy said on Thursday. “The process is going” on the ministry’s proposal to impose a 25 per cent duty on steel imports, Kumaraswamy told PTI on the sidelines of an event here. On December 2, … Read more