Steel stocks rise up to 5%

New Delhi: Steel stocks were in the limelight on Wednesday, with JSW Steel climbing nearly 5 per cent, after the government extended safeguard duties on imports of certain steel products for three years, aiming to curb dumping from countries like China and protect domestic manufacturers from a supply glut.

Shares of JSW Steel jumped 4.89 per cent, SAIL surged 4.18 per cent, Jindal Steel climbed 2.75 per cent, Tata Steel went up by 2.45 per cent, APL Apollo Tubes (1.48 per cent), and Jindal Stainless (0.15 per cent) on the BSE.