Steel shares trade firm; Jindal Steel, Tata Steel, SAIL rally up to 5%

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Steel shares trade firm; Jindal Steel, Tata Steel, SAIL rally up to 5% - Business Standard

Quick Summary:

At 10:59 AM, the BSE Metal index, the top gainer among sectoral indices, was up 1 per cent, as compared to the 0.

The sequential decline in steel imports can be attributed to government enforced quality checks in November, benefiting domestic steel players.

The Indian government is studying the industry's request for a temporary tax plea on steel imports from China, analyst at BNP Paribas said in a November 25, 2024, report.