New Delhi, April 22 -- Most metal stocks, including Tata Steel, Jindal Stainless, SAIL, Jindal Steel & Power and JSW Steel, rose 1-2 per cent in morning trade on Tuesday, April 22, after the Indian Government imposed a 12 per cent safeguard duty on steel imports.

The government on Monday imposed a 12 per cent safeguard duty on steel imports in a move to protect the domestic steel industry.

As per a government notification issued on Monday by the Ministry of Finance, the safeguard duty would be applicable for 200 days with effect from Monday, 21 April.

The safeguard duty on steel is a significant positive for domestic steel companies at a time when concerns have been rising that cheap imports from China will flood the domestic market fo...