Steel Stocks Gain as Government Extends Minimum Import Price on 66 Products
Indian steel and metal stocks advanced in late trade after the government extended the minimum import price framework on 66 steel products, reinforcing expectations of tighter protection for domestic producers. Shares of Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel rose more than 1 percent from the previous close as investors priced in improved pricing power and a more supportive policy backdrop.
