Steel stocks zoom up to 7% after DGTR recommends 12% safeguard duty on some products

Shares of steel companies like NMDC Steel and SAIL surged up to 7% after the Directorate General of Trade Remedies recommended a 12% safeguard duty on certain steel imports to curb the influx. The DGTR suggests this temporary duty for 200 days to protect the domestic industry from serious injury.

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