On June 2, 2025, the Nifty Metal index fell 1.6% to 9,047.95 after former US President Donald Trump announced a steep increase in steel import duties, sparking concerns among Indian metal exporters and investors.
Cat: Stock
Speaking at a steel plant in Pennsylvania, Trump announced that import tariffs on steel and aluminium would be increased from 25% to 50%, starting Wednesday, June 4. He said the move would significantly boost American industries, calling it a major win for steel and aluminium workers. Trump later confirmed the decision through a post on social media.
Earlier this year, Trump increased steel and aluminium tariffs to 25%. Following that, Indian exporters had raised concerns with the Ministry of Commerce, citing a $5 billion impact on exports.
Most metal stocks traded in the red, with Lloyds Metals and Energy falling the most, over 4% to ₹1,332.60. Other major stocks that dropped included:
Some stocks bucked the broader trend and managed small gains:
Read More, Sensex Fell ~200 Points to 81,258: Tata Motors, Ultratech Tumbled Heavily.
Trump’s sharp increase in US steel import tariffs triggered a strong selloff in Indian metal stocks. Hindustan Zinc, Vedanta, and Tata Steel each dropped nearly 4%, while the Nifty Metal index also saw a notable decline, making it one of the sector’s weakest trading sessions in recent weeks. As global trade tensions escalate, metal stock investors should stay alert to potential shifts in international policies.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 2, 2025, 2:21 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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