Shares of five steel manufacturing companies rose 2% to 12.24% at 14:05 IST on BSE after reports the government imposed anti-dumping duty on some stainless steel products.
Meanwhile, the BSE Sensex was up 106.99 points, or 0.43%, to 25,151.42.
Among steel stocks, Jindal Stainless (up 12.24%), JSW Steel (up 4.59%), Jindal Steel & Power (up 4.84%), Tata Steel (up 2.93%) and Steel Authority of India (Sail) (up 2%) edged higher.
As per reports, the government on Friday, 11 December 2015, imposed anti-dumping duty of up to 57.39% on import of certain stainless steel products from China, Korea, the US and European Union (EU) for five years to save the domestic industry from cheap shipments.
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