Steel Stocks Rally After Government Extends Minimum Import Price on 66 Products
Indian steel and metal stocks advanced in afternoon trade after the government extended the minimum import price regime on 66 steel products, a move seen as supportive for domestic producers facing pressure from cheaper imports. Shares of Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel rose more than 1% from the previous close as investors priced in a firmer pricing environment for the sector.
