Steel Stocks Jump as Government Extends Minimum Import Price on 66 Products
Indian steel and metal counters rallied in afternoon trade after the government extended the minimum import price framework on 66 steel products, a move traders read as a fresh signal of support for domestic producers. 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 tighter import environment and firmer pricing power for local mills.
