New Delhi, Aug. 18 -- Tata Steel, JSW Steel, SAIL, and JSPL saw their share prices rise by up to 3% in Monday's trading session as investors reacted positively to the imposition of a safeguard duty on steel imports.

The Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, on August 16 recommended the final imposition of a safeguard duty on imports of certain flat steel products for three years to protect domestic manufacturers from a sudden surge in inbound shipments.

DGTR, the apex authority for administering all trade remedial measures, including anti-dumping, countervailing duties, and safeguard measures, has recommended a 12% duty in the first year, 11.5% in the second, and 11% in the third year.

The recomm...