Tata Steel shares rise 7% in 3 sessions; up 31% in 2025. What’s driving the latest surge?

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Shares of Tata Steel rose as much as 3% to their day’s high of Rs 181 on December 31 after the Indian government announced the imposition of a safeguard duty on certain steel product imports, a move aimed at curbing low-cost shipments and protecting domestic producers. With today’s surge, the stock is up 7% in 3 sessions and 31% in 2025.

According to a finance ministry order published on Tuesday, India will levy a safeguard duty ranging between 11% and 12% on select steel imports for a period of three years. The duty will be implemented in a phased manner, starting at 12% in the first year, easing to 11.5% in the second year and further to 11% in the third year.


The measure is intended to shield the domestic steel industry from a surge in cheap imports, particularly from countries such as China. The order, published in the official government gazette, applies to imports originating from China, Vietnam and Nepal, among others. However, it excludes certain developing countries as well as speciality steel products such as stainless steel.

The safeguard duty follows recommendations by the Directorate General of Trade Remedies (DGTR), which highlighted a “recent, sudden, sharp and significant increase in imports” that posed a threat to the domestic steel industry. The DGTR had flagged concerns that the volume and pricing of imports were causing injury to Indian steelmakers.


The federal steel ministry has maintained that the imposition of the safeguard duty is necessary to protect domestic producers from the impact of sub-standard and cheap steel inflows. According to the ministry, such imports undermine the competitiveness of local manufacturers and disrupt market stability.

The latest move also comes against the backdrop of heightened global trade tensions. Earlier this year, the United States imposed duties on steel imports, triggering retaliatory actions across several regions. Countries such as South Korea and Vietnam responded with their own anti-dumping measures to protect domestic industries.

India’s decision to impose safeguard duties is being seen as part of this broader global effort to stabilise local industries amid aggressive export pricing strategies and shifting trade dynamics.

Tata Steel Q2 results


Tata Steel reported a 272% jump in its consolidated Q2 net profit at Rs 3,102 crore versus Rs 833 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.

The company's revenue from operations in the quarter under review stood at Rs 58,689 crore, which was up 9% over Rs 53,904 crore in the corresponding quarter of the last financial year.

The company's profit after tax (PAT) increased by 49% on a quarter-on-quarter basis compared to Rs 2,077 crore in Q1FY26, while the revenue rose 10% versus Rs 53,178 crore reported in the April-June quarter of FY26.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. They do not represent the views of the Economic Times.)

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