Steel stocks under pressure; Tata Steel, JSPL, SAIL down 4%

Nifty Metal index, the largest loser among sectoral indices, was down 1.5% against 0.1% rise in the Nifty 50 index at 02:45 pm

Shares of steel companies were under pressure with Tata Steel, Jindal Steel & Power (JSPL) and Steel Authority of India (SAIL) down more than 4% on the National Stock Exchange (NSE) after US President Donald Trump imposed tariffs of 10% and 25% on imports of steel and aluminium respectively on March 8th.

At 02:45 pm; Nifty Metal index, the largest loser among sectoral indices, was down 1.5% against 0.1% rise in the Nifty 50 index.

Meanwhile, Tata Steel slipped nearly six-month low at Rs 607, down 4% on the BSE in intra-day trade, extending its past two days