Steel stocks to be impacted after Trump to announce 25% tariff on steel importsSteel stocks to be impacted after Trump to announce 25% tariff on steel imports

Introduction:

The steel tariff news led to a 3% drop in the Nifty Metal index. In India, primary long product and HRC prices fell by 3% M-o-M in December, with prices continuing to decline into January 2025, reflecting a slowdown in market sentiment.

US President Donald Trump’s threat of a 25% tariff on all steel and aluminum imports, expected to be announced on February 10, 2025, caused a sharp decline in related stocks. Investor sentiment turned negative, particularly in Indian steel stocks, following the news.

Vedanta Limited  

On February 10, 2025, Vedanta Limited opened at ₹454.00, dropping from its previous close of ₹455.80. The stock hit a high of ₹454.00 and a low of ₹433.60. It closed at ₹435.75, down 4.40%, with a market cap of ₹1,70,395.16 crore.

Vedanta Limited (NSE: VEDL) is a global natural resources company, engaged in the exploration, extraction, and production of metals, minerals, and energy. It has a strong presence in copper, zinc, oil, and gas, and operates in several countries, contributing significantly to India’s economy.

Steel Authority of India Limited  

On February 10, 2025, Steel Authority of India Limited opened at ₹109.05, dropping from its previous close of ₹110.32. The stock hit a high of ₹109.50 and a low of ₹104.81. It closed at ₹104.97, down 4.85%, with a market cap of ₹43,358.12 crore.

Steel Authority of India Limited (NSE: SAIL) is one of India’s largest steel manufacturing companies. It operates multiple integrated steel plants and produces a wide range of steel products for various industries, including construction, automotive, and engineering, both domestically and internationally.

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Tata Steel Limited 

On February 10, 2025, Tata Steel Limited opened at ₹138.10, dropping from its previous close of ₹138.31. The stock hit a high of ₹138.10 and a low of ₹133.00. It closed at ₹133.91, down 3.18%, with a market cap of ₹1,67,166.91 crore. 

Tata Steel Limited (NSE: TATASTEEL) is a multinational steel manufacturing company and one of the top steel producers in the world. With operations in India and abroad, Tata Steel is known for producing high-quality steel products for automotive, construction, and industrial sectors.

Jindal Steel & Power Limited  

On February 10, 2025, Jindal Steel & Power Limited opened at ₹841.00, dropping from its previous close of ₹844.55. The stock hit a high of ₹843.15 and a low of ₹818.30. It closed at ₹841.65, down 0.34%, with a market cap of ₹85,855.71 crore.

Jindal Steel & Power Limited (NSE: JINDALSTEL) is an integrated steel producer with a strong presence in iron ore mining, steel manufacturing, and power generation. The company produces high-quality steel products used in various industries, including infrastructure, energy, and construction.

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JSW Steel Limited  

On February 10, 2025, JSW Steel Limited opened at ₹974.00, dropping from its previous close of ₹980.75. The stock hit a high of ₹974.00 and a low of ₹948.25. It closed at ₹959.65, down 2.15%, with a market cap of ₹2,34,677.99 crore.

JSW Steel Limited (NSE: JSWSTEEL) is one of the largest steel manufacturing companies in India, offering a diverse range of products. The company operates state-of-the-art steel plants, producing high-quality flat and long steel products used in sectors like automotive, infrastructure, and construction.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.