Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Steel stocks trade in fine fettle on the bourses

19-Aug2016

Steel stocks trade in fine fettle on the bourses

Steel stocks are trading in fine fettle in early deals, as India has slapped anti-dumping duty on certain cold-rolled flat steel products from four nations including China and South Korea to guard domestic industry from cheap imports.

Steel Authority of India (SAIL) is currently trading at Rs. 49.55, up by 1.45 points or 3.01% from its previous closing of Rs. 48.10 on the BSE. The scrip opened at Rs. 48.30 and has touched a high and low of Rs. 49.60 and Rs. 48.05 respectively. So far 529332 shares were traded on the counter.

Tata Steel is currently trading at Rs. 389.95, up by 2.75 points or 0.71 % from its previous closing of Rs. 387.20 on the BSE. The scrip opened at Rs. 389.00 and has touched a high and low of Rs. 390.75 and Rs. 385.40 respectively. So far 187973 shares were traded on the counter.

JSW Steel is currently trading at Rs. 1786.65, up by 6.70 points or 0.38 % from its previous closing of Rs. 1779.95 on the BSE. The scrip opened at Rs. 1778.00 and has touched a high and low of Rs. 1788.65 and Rs. 1772.00 respectively. So far 20040 shares were traded on the counter.

An anti-dumping duty of the difference between the landed value of the steel products and $594 per tonne will be levied. The government had previously imposed anti-dumping duty on import of hot-rolled flat products of alloy or non-alloy steel from China, Japan, Korea, Russia, Brazil and Indonesia.

That duty, valid for six months, was the difference between the landed value and the respective prescribed value which is $474 per tonne and $557 per tonne. The anti-dumping duty imposed on cold-rolled flat products of alloy or non-alloy steel from China, Japan, South Korea and Ukraine too would be for six months. The anti-dumping duty was imposed on recommendation of the Directorate General of Anti Dumping (DGAD), an arm of Commerce Ministry.


Related News

View all news

Alembic Pharmaceuticals gains on raising Rs 150 crore via NCDs

Alembic Pharmaceuticals is currently trading at Rs. 542.00, up by 2.85 points or 0.53% from its previous closing of Rs. 539.15 on the BSE.The scrip opened at Rs. 542.60 and has touched a high and low of......

IL&FS Transportation trades higher on the BSE

IL&FS Transportation Networks is currently trading at Rs. 6.83, up by 0.02 points or 0.29% from its previous closing of Rs. 6.81 on the BSE.The scrip opened at Rs. 6.85 and has touched a high and......

GHCL soars on launching two new bedding products

GHCL is currently trading at Rs. 240.15, up by 6.95 points or 2.98% from its previous closing of Rs. 233.20 on the BSE.The scrip opened at Rs. 233.00 and has touched a high and low of Rs. 240.80 and Rs.......

Top News

View all news

Ladam Affordable Housing to enhance limits of Corporate Guarantee given to AU Small Finance Bank

Ladam Affordable Housing has decided to enhance the limits of Corporate Guarantee given to AU Small Finance Bank from Rs 15 crore to Rs 18.5 crore for the purpose of financing the business/ business related......

Govind Poy Oxygen planning to enter into lease agreement

Govind Poy Oxygen is planning to enter into Lease Agreement with Babaso Anandrao Budhale, for lease of land and building for the use of the company and agreement with Nasik Oxygen Company, to give machinery......

RIL's telecom arm terminates agreement with Reliance Communications

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has terminated Master Agreement and Spectrum Trading Agreement executed between the company and Reliance Communications and its affiliates......