India Imposes Steel Import Tariffs, Boosts Domestic Steel Stocks

India has imposed a three-year safeguard duty of up to 12% on certain steel product imports to curb cheap shipments and protect domestic producers. This policy decision led to a significant rally in Indian steel stocks, with major players like Tata Steel, NMDC, and SAIL experiencing notable gains. The tariffs aim to stabilize the domestic steel industry against global trade pressures.

Read the full story on Quick Digest