Tata Steel shares fell sharply on Friday, April 4, declining 8.68% to Rs 140.29 apiece, as investor sentiment across the metal sector weakened following US President Donald Trump’s sweeping reciprocal tariff move. The stock has lost over 10% in the past two trading sessions amid broader pressure on Indian exporters.
The metal selloff follows Trump’s decision to impose tariffs of at least 10% on all imports into the US, with steeper rates on countries running high trade deficits with America. India was slapped with a 27% tariff—one of the highest among key partners—though sectors like pharmaceuticals and energy were exempted.
However, in a partial relief, Indian steel and aluminium exporters were spared from additional levies as the White House clarified that a 25% tariff was already in place on these categories under Section 232. “Steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs,” a statement from the White House confirmed on Thursday.
Despite the exemption, fears of slower global growth and rising recession risks in the US have pulled down sentiment in Indian metals, where companies like Tata Steel have significant export exposure.
Tata Steel is trading at Rs 140.29 today, down 8.68%. The stock’s 52-week range is between Rs 122.62 and Rs 184.60. Its market capitalization stands at Rs 1.75 trillion, with a P/E ratio of 63.98 and a dividend yield of 2.57%. Volume traded was over 34.88 million shares on the NSE.
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