Tata Steel Share Price in Focus, Nifty Metal Index Falls 1.19% on Feb 24

Tata Steel Ltd has been in focus on Monday. On February 24, 2025, Tata Steel share price opened at ₹138.81, down from its previous close of ₹140.76. At 11:20 AM, the share price of Tata Steel was trading at ₹140.14, down by 0.44% on the NSE. Notably, the stock price touched its 52-week low a month ago on January 13, 2025, at ₹122.62.

On Monday, as of 11:31 AM, Nifty Metal Index was down by 1.19%. As of the same time, other metal stocks such as National Aluminium Company, Steel Authority of India Limited (SAIL), and Vedanta have also seen a decline of 2.74%, 2.64% and 1.93%, respectively.

Industry Awaits Government Decision on Safeguard Duties

Tata Steel’s CEO and Managing Director, T.V. Narendran, revealed in an interview that the Indian steel industry is anticipating a government decision on safeguard duties. The industry has raised concerns with policymakers, and an announcement is expected soon.

Recently, U.S. President Donald Trump imposed a flat 25% tariff on steel and aluminium imports, eliminating previous exemptions. On Friday, February 21, Narendran commented that these tariffs could strengthen Indian steel companies’ push for protective measures from the Indian government. The impact of these global trade policies on Tata Steel remains to be seen.

Major Acquisition by Tata Steel

Looking at the recent development, in a significant move, Tata Steel Limited acquired 191,08,28,025 ordinary equity shares of T Steel Holdings Pte. Ltd (TSHP) on February 20, 2025. This transaction, valued at USD 300 million (₹2,603.16 crore), ensures that TSHP remains a wholly owned subsidiary of Tata Steel. This acquisition is expected to strengthen Tata Steel’s global presence and financial stability.

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