New Delhi, Jan. 6 -- JSW Steel and other steel stocks are in the news. The company's shares jumped 4.9% on 31 December, largely on account of the government's decision to impose import tariffs on steel products. Before the recent correction, the stock had been trending up for more than two years.

Import tariffs help protect pricing of domestic steel producers by preventing cheaper imports, so what does the future hold for the stock? Today, we will discuss the pros and cons of investing in JSW Steel. But first, let's talk about the latest import tariffs.

Steel stocks rose on 31 December after the Indian government announced a three-year import tariff on steel products. This 'safeguard duty' will be 12% in the first year, 11.5% in the sec...