Mumbai, Feb. 12 -- While Canada and Mexico will likely bear the brunt of Donald Trump's 25% import tax on steel and aluminium entering the US from 12 March, Indian producers with significant export revenues will also be affected, say experts.

Major domestic aluminium and steel exporters saw their stocks reflect this sentiment after the US President's 10 February announcement. Aluminium producers such as National Aluminium Co Ltd (Nalco) and Vedanta Ltd fell 2-4%, while steel companies such as Tata Steel Ltd and Steel Authority of India Ltd declined 3-5% on 11 February.

The broader Nifty Metal slid 2%.

Two stocks bucked the trend. Steel producer Jindal Steel And Power Ltd (JSPL) fell 1%, while aluminium maker Hindalco Industries Ltd's s...