SAIL, Tata Steel to Jindal Steel: Trump’s Tariffs don’t Affect these Metal Stocks

Due to their exemption from the new reciprocal tariffs President Trump levied on Indian imports, steel stocks had strong market performance on April 3.

Some of the metal pack’s equities, namely from the steel and aluminum industries, maintained steady during Thursday, April 3, trading in the stock market. These commodities are still excluded from US President Donald Trump’s most recent reciprocal tariffs.

The Trump administration maintained the Trump administration maintained 25% tariffs on Indian steel and aluminum. Because of this, even though the markets were collapsing, the stocks of steel and aluminum businesses remained stable.

Despite the Indian stock market’s volatility, steel and aluminum equities have been steady. In his “Liberation Day” speech, US President Donald Trump maintained the 25% duty on steel and aluminum imports from India. According to Anshul Jain, Head of Research at Lakshmi Shree Investment & Securities, bulls are thus placing more value on companies from the steel and aluminum sectors. According to Jain, shares of Vedanta and Hindalco might be a wise choice for anybody looking to expand their stock holdings.

Shares of NMDC Steel, Tata Metalik, and Jindal Stainless (Hisar) were among the top gainers, climbing 1% to 4% during today’s trading. In early trading, stocks such as SAIL, Tata Steel, and Jindal Stainless also managed to squeeze out little gains of up to 0.50%. However, Hindalco’s share price fell 1.35% and Vednata’s fell 3%.

Meanwhile, Trump’s sweeping 26% tariffs on Indian imports caused the Nifty 50 and the BSE Sense benchmark indexes to trade 0.50% lower.

Global markets will suffer due to President Trump’s worse-than-expected reciprocal tariff announcements. The main worry is that other nations may impose retaliatory tariffs in response, sparking a full-fledged trade war that would hinder international commerce and economy. The Fed will be in a hard place if US inflation increases; it will be challenging for the Fed to implement the rate decreases that the market had anticipated in 2025. By the end of 2025, there is a greater chance of a US recession. According to Dr. VK Vijayakumar, Chief Investment Strategist of Geojit Investments Limited, this is terrible news for the world’s markets and economy.