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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Steel Industry Protection: According to information received from a ministry official, the government has taken several steps to protect the domestic industry. Which includes imposing safeguard duty and anti-dumping duty on imports of flat steel products from countries like China and Vietnam.

To promote high quality finished steel, the Ministry has implemented a production linked incentive scheme. Under which financial incentives are being given for manufacturing of high-grade and special steel used in sectors like defence, power supply, renewable energy, automobile and aviation.

Government is paying attention to the supply of raw materials

The government is also focusing on strengthening the availability of raw materials. The official said, new reserves of coking coal are being discovered and we are in talks with resource rich countries to diversify the supply.

Auctions for iron ore are already underway and steel makers are being encouraged to participate.

Statement of Jindal Steel Chairman

Naveen Jindal, Chairman of Jindal Steel and President of the Indian Steel Association, said that India has made good progress, but it needs to be implemented more rapidly. He said the way forward demands sustained demand creation, policy stability and bold investment.

Industry body Assocham said government support has been important, but rising costs of coking coal, high logistics costs, limited availability of railway rakes and infrastructure constraints are still weighing on the sector. Assocham expects steel demand to increase in the new year and accordingly quality control orders are unlikely to be relaxed further.

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