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India’s DGTR has proposed a 12% safeguard duty on flat steel imports for 200 days, affecting major steel stocks. JSW Steel share price and Tata Steel share price will be under watch as Nifty Metal Index gains 10% in March 2025.
The Directorate General of Trade Remedies has recommended a 12% provisional safeguard duty on flat steel imports for 200 days, citing a sharp increase in imports that threatens domestic producers. The decision impacts major steel players like JSW Steel, Tata Steel, and SAIL, whose stock movements will be closely monitored. The Nifty Metal Index, which has already risen 10% in March, is expected to react sharply to this announcement.
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12% safeguard duty imposed on flat steel imports for 200 days
Stocks of JSW Steel, Tata Steel, SAIL, and other steel firms in focus
The duty applies to hot-rolled, cold-rolled, and coated steel products
Domestic steel prices are 7% to 8% higher than import parity
The Nifty Metal Index has surged 10% in March 2025
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The DGTR’s decision is set to impact JSW Steel share price, Tata Steel share price, and other leading steel stocks. The safeguard duty applies to hot-rolled coils, cold-rolled sheets, and colour-coated steel, including galvanneal-coated variants. With domestic steel already at a premium, this measure aims to shield local manufacturers from surging imports.
Here’s a quick look at how steel stocks have performed in March so far:
Steel stock | March gains (%) |
Tata Steel | 13% |
JSW Steel | 8% |
JSPL | 8% |
Nifty Metal Index | 10% |
Despite industry demand for a 25% duty, the government has balanced safeguarding domestic production with affordability concerns for downstream industries. The move comes amid China’s supply reforms, which could further impact global steel prices.
The safeguard duty aims to protect India’s steel manufacturers, but its impact on downstream industries remains uncertain. With JSW Steel share price and Tata Steel share price already seeing fluctuations, investors will watch the steel sector closely.
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