The Indian stainless-steel business is pushing for pressing motion towards low cost imports that threaten native producers. The business, represented by the Indian Stainless Metal Growth Affiliation (ISSDA), has filed a petition with the Directorate Basic of Commerce Treatments (DGTR) looking for anti-dumping duties on stainless-steel merchandise imported from nations equivalent to China, Vietnam, Indonesia, and South Korea.
Abhyuday Jindal, Managing Director of Jindal Stainless, acknowledged that the petition was submitted in late June, and the business is now awaiting the initiation of the DGTR’s investigation, which usually takes two to 3 months.
Jindal emphasised the pressing want for protecting duties as a result of ongoing international commerce uncertainties and the inflow of low-quality, dumped metal imports, that are hurting Indian producers. With India’s stainless-steel market rising quickly, safeguarding native companies has grow to be crucial.
In response to market knowledge, India’s stainless-steel imports reached 1.73 million tonnes in FY25, with China, Indonesia, Vietnam, and South Korea as the principle exporters. The business hopes that the DGTR’s investigation will result in measures that shield home gamers and assist the sector’s progress.
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