Latest news with #Hindalco
Time of India
12 hours ago
- Business
- Time of India
Hindalco Share Price Live Updates: Hindalco experiences slight decline in returns
03 Jun 2025 | 08:43:11 AM IST Join us on the Hindalco Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about Hindalco, including: Last traded price 631.1, Market capitalization: 141822.47, Volume: 8397065, Price-to-earnings ratio 8.86, Earnings per share 71.2. Our liveblog provides a well-rounded view of Hindalco by incorporating both fundamental and technical indicators. Be the first to receive breaking news that can impact Hindalco's performance in the market. Our expert analysis and recommendations empower you to make informed investment choices. Stay informed and stay ahead with the Hindalco Stock Liveblog. The data points are updated as on 08:43:11 AM IST, 03 Jun 2025 Show more
News18
a day ago
- Business
- News18
Steel, Aluminium Stocks Slip Up To 2.5% After US Doubles Import Tariffs To 50%
Last Updated: Shares of Indian steel and aluminium companies fell as much as 2.5% in Monday's trade; Key points for investors Shares of Indian steel and aluminium companies fell as much as 2.5% in Monday's trade after US President Donald Trump announced that the United States would double existing tariffs on steel and aluminium products, from 25% to 50%, effective June 4, 2025. Hindalco saw the sharpest intraday drop among metal stocks, slipping 2.4% to a low of Rs 633.35. NALCO and SAIL each declined 2.2%, touching intraday lows of Rs 176.40 and Rs 126.40, respectively. JSW Steel and Tata Steel shares also fell 2% each, with JSW Steel reaching Rs 993.80 and Tata Steel slipping to Rs 157.65. Jindal Stainless dipped 1.6% to Rs 633.35, and NMDC lost 1.6% to Rs 70.04. NMDC Steel shares fell 1.5% to Rs 37.53, while Jindal Steel & Power dropped 1.47% to Rs 934.5. The new tariffs carry significant implications for India's export-oriented metal sector. Government data shows India exported USD 4.56 billion worth of iron, steel, and aluminium products to the US in FY2025. Of this, USD 587.5 million came from iron and steel, USD 3.1 billion from articles of iron or steel, and USD 860 million from aluminium and related products. These categories are now set to face higher tariffs, threatening their competitiveness in the US market. The tariff hike, announced on May 30, 2025, under Section 232 of the US Trade Expansion Act of 1962, revives the Trump-era trade policy used to initially impose a 25% tariff on steel and 10% on aluminium in 2018. These rates were already raised to 25% across both categories earlier this year and will now double again. The move is expected to push US steel prices beyond USD 1,180 per tonne, driving up costs for key industries such as automotive, construction, and manufacturing. India has raised the matter at the World Trade Organization (WTO) and may pursue further action in response to the US decision. First Published: June 02, 2025, 09:58 IST
Time of India
a day ago
- Business
- Time of India
Steel, aluminium stocks slide up to 2.5% as US doubles tariffs to 50% on imports
ADVERTISEMENT ADVERTISEMENT Shares of Indian steel and aluminium companies fell up to 2.5% in Monday's trade after the US President Donald Trump will double existing tariffs from 25% to 50% on steel and aluminium products imported into the United States, with effect from June 4, Monday, the shares of Hindalco witnessed the steepest intraday decline among metal stocks, falling by 2.4% to touch a low of 633.35. NALCO and SAIL shares both recorded a 2.2% dip, hitting intraday lows of 176.40 and 126.40, shares of JSW Steel and Tata Steel each slipped 2% in early trade, with JSW Steel touching 993.80 and Tata Steel dropping to 157.65. Jindal Stainless shares saw a decline of 1.6%, hitting a low of 633.35, while NMDC also fell 1.6% to 70.04Meanwhile, NMDC Steel shares declined by 1.5%, reaching an intraday low of 37.53, and those of Jindal Steel & Power dipped 1.47% to development has significant implications for India's export-oriented metal sector. As per government data, India exported USD 4.56 billion worth of iron, steel, and aluminium products to the US in revised tariff structure is expected to directly impact this segment by making Indian products more expensive and less competitive in the U.S. the total USD 4.56 billion in exports, USD 587.5 million came from iron and steel, USD 3.1 billion from articles of iron or steel, and USD 860 million from aluminium and its related products. These products, now subject to sharply increased tariffs, face the risk of reduced demand in one of India's key export tariff hike was formally announced on May 30, 2025, under Section 232 of the U.S. Trade Expansion Act of 1962, which allows the American President to impose trade restrictions if imports are deemed a threat to national move revives the trade policy provision first used by Trump in 2018 to impose a 25% tariff on steel and 10% on aluminium, which were then increased to 25% across both categories earlier in February a result of the latest tariff action, US steel prices are expected to surge beyond USD 1,180 per tonne, driving up input costs for several downstream industries, including automotive, construction, and manufacturing. India has already raised a notice at the World Trade Organization (WTO) in response to the decision and may consider further action.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Business
- Time of India
Hindalco Share Price Live Updates: Hindalco's 1-Month Return Analysis
02 Jun 2025 | 08:43:12 AM IST Welcome to the Hindalco Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of Hindalco, including: Last traded price 633.5, Market capitalization: 142361.8, Volume: 9054009, Price-to-earnings ratio 8.9, Earnings per share 71.2. Our liveblog offers a complete overview of Hindalco through a blend of fundamental and technical indicators. Stay informed about breaking news that can shape Hindalco's performance in the market. Our market analysis and expert opinions empower you to make informed investment decisions. Join us as we unravel the potential of Hindalco in the ever-changing market landscape. The data points are updated as on 08:43:12 AM IST, 02 Jun 2025 Show more
Business Upturn
2 days ago
- Business
- Business Upturn
Hindalco and Tata Steel shares in focus as Trump doubles import tariffs on steel and aluminium to 50%
By Aman Shukla Published on June 1, 2025, 11:18 IST Shares of Indian metal majors like Hindalco and Tata Steel may remain in focus on Monday after US President Donald Trump announced a steep hike in import tariffs on steel and aluminium. The tariffs, which will rise from 25% to 50%, are set to take effect from Wednesday, June 4. The announcement was made during a rally at a steel plant in West Mifflin, Pennsylvania, where Trump emphasized the need to protect and further strengthen the U.S. steel industry. 'Nobody's going to get around that,' he said. Later, in a social media post, he claimed the increase would provide a 'BIG jolt of great news' for American metalworkers. Impact on Indian Companies Steel India's direct steel exports to the US are limited. However, Tata Steel Netherlands exports approximately 700,000 tons of steel to the US annually. Some of this steel is not manufactured in the US, and may be affected by the new tariff rules unless exempted. Aluminium Hindalco's subsidiary Novelis is one of the largest aluminium recyclers and producers in the US. The tariff hike could increase the Midwest premium — which might benefit domestic producers. However, Novelis imports some of its raw material from Canada, and the cost impact depends on whether Canada receives a tariff exemption. At the 25% tariff level, Novelis had earlier indicated a potential $40 million quarterly hit, expected to start in Q1 FY26. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
