By Admin 
Steel Stocks Surge: On December 31, the last trading session of the year 2025, there is a tremendous rise in the shares of steel companies. During the trading day, shares of companies like JSW Steel, Tata Steel and Jindal Steel have jumped by 2 to 5 percent.
The reason behind this increase is being said to be the Government of India’s announcement of imposing safeguard duty. The government has decided to impose safeguard duty of 12 percent on selected steel imports for three years. Let us know the condition of steel companies in the stock market.
Condition of shares of JSW Steel, Tata Steel and Jindal
There is a tremendous rise in the shares of JSW Steel Company on Wednesday’s trading day. It was trading at Rs 1165.50 on BSE at around 11:20 am with a gain of 4.84 per cent or Rs 53.85. Tata Steel shares were registering a rise of 2.42 percent and were trading at Rs 180.
At the same time, shares of Jindal Steel also jumped. A rise of 3.45 percent or Rs 35.20 was being recorded in the shares and the company shares were trading at Rs 1056.20.
Safeguard duty decided on steel imports
According to market experts, the government has decided to impose safeguard duty with the aim of protecting the domestic steel industry from losses and reducing low quality steel imports. The government has taken a big step regarding the import of non-alloy and alloy flat steel.
According to the government’s decision, safeguard duty will be imposed at 12 percent in the first year, 11.5 percent in the second year and 11 percent in the third year. This duty will be especially applicable on steel imports coming from China, Vietnam and Nepal. However, specialty steel products like stainless steel have been kept out of this duty.
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