Union Budget 2021 | Steel stocks trade mixed as government cuts customs duty Finance Minister Nirmala Sitharaman announced a 7.5 percent reduction in customs duty on steel. February 01, 2021 / 01:11 PM IST Shares of steel-manufacturer traded mixed after Finance Minister Nirmala Sitharaman announced a reduction in customs duty on steel in her Budget speech on February 1. Shares of Jindal Stainless, JSW Ispat, Mahamaya Steel, Scan Steels and Narayani Steels were trading in the red, falling up to 4 percent. However, shares of Tata Steel, JSW Steel, SAIL and Mishra Dhatu traded in the green....