Steel, aluminium stocks in focus as US doubles tariffs to 50% on imports

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The U.S. announced it will double tariffs on metal imports to 50% from June 4, 2025. The move affects key exporters like Tata Steel, JSW Steel, Hindalco, and NALCO, potentially denting India’s $4.56 billion metal exports to the U.S. under Section 232 of U.S. trade law.