Steel Stocks Rally as DGTR Proposes 12% Safeguard Duty on Key Imports
Shares of major Indian steel companies rallied on March 19 after the Directorate General of Trade Remedies (DGTR) proposed a 12% provisional safeguard duty ad valorem for 200 days on select steel products. The recommendation came in response to a sharp spike in steel imports into India, which could significantly impact domestic producers. The news…
