Push Comes to Shove in Steel as India Vows More Import Curbs

  • Government may include more products covered by safeguard duty
  • Shares in Indian producers rally after Sundararajan's remarks

India will step up curbs on steel imports before the end of the year to combat a rising tide of cheap shipments and aid local producers, according to Steel Secretary Aruna Sundararajan. Shares of Tata Steel Ltd. and JSW Steel Ltd. rallied.

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