Metal Stocks Rally as Government Imposes 12% Safeguard Duty on Steel Imports

The Nifty Metal index surged on April 22 after the government imposed a 12% safeguard duty on select steel imports to protect domestic producers. The move boosted investor sentiment, with stocks like

Hindustan Copper and Jindal Stainless leading gains. The duty, effective for 200 days, aims to curb cheap imports, especially from China.