Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
· Tata Steel crashes 19% amid global trade tensions and tariff fears
· BSE Metal Index dips nearly 7%, dragging broader markets
· Investor sentiment hit by export concerns and global slowdown signs
Indian metal stocks nosedived on Dalal Street, with Tata Steel plunging up to 19% amid escalating global trade tensions and looming growth concerns. Investors reacted sharply to the ripple effects of the US-China trade war and renewed tariffs on steel and aluminium, leading to a sector-wide rout in metal and mining shares.
The BSE Metal Index slumped nearly 7%, dragging broader market sentiments lower. Stocks like JSW Steel, Hindalco, and SAIL also witnessed steep declines ranging between 10–17%. Analysts say the imposition of tariffs and fears of a slowdown in global demand are creating a bleak outlook for metal exports and profitability.
This crash comes just as Indian steelmakers were ramping up production for FY26. With rising input costs and uncertain global trade dynamics, the market is expected to remain volatile in the short term. The broader benchmark indices also saw sharp corrections, adding to investor anxiety across sectors.
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