India’s steel sector was buzzing with action as shares of key players saw gains of up to 3.2% on the BSE. The trigger was a government probe into a surge in imports of specific steel flat products following a complaint by the Indian Steel Association (ISA). Meanwhile, Tata Steel and SAIL both saw their stocks rise by 2%, reflecting optimism within the industry. The probe, initiated by the Directorate General of Trade Remedies (DGTR), focuses on Non-Alloy and Alloy Steel Flat Products—a category vital to industries like construction, fabrication, auto, and electricals. The ISA claims a “recent, sudden, sharp, and significant” rise in imports is causing harm to domestic producers, sparking calls for protective measures. The applicant, backed by heavyweights like ArcelorMittal Nippon Steel India, JSW Steel, Jindal Steel & Power, and SAIL, has asked for a 20% safeguard duty on the imports, citing “critical circumstances” and the risk of injury to India’s steel industry.