Shares of Jindal Stainless, Tata Steel, JSW Steel gain as govt plans anti-dumping duty for imports

Shares of domestic steel companies surged on the domestic equity market on Thursday after the government planned to place anti-dumping duties for imports.

Jindal Stainless stocks surged 13.6 per cent, shares of Tata Steel edged higher by 1.4 per cent, while JSW Steel's scrip gained 1.2 per cent.

Steel firms have seen profits come under pressure because of imports from China. But the government decided to put in place anti-dumping duties for some industrial-grade stainless steel imported from China, Malaysia and South Korea.

(Reuters)