Indian Stainless Steel Industry Calls for Protection Against Dumping

The Indian stainless steel industry is taking a stand against the influx of low-priced imports, seeking anti-dumping duties to safeguard domestic manufacturers. Amidst global trade uncertainties, the move is seen as critical to protecting local businesses and ensuring fair competition.

Industry's Plea to DGTR

Abhyuday Jindal, Managing Director of Jindal Stainless, highlighted the industry's appeal to the Directorate General of Trade Remedies (DGTR) for an investigation into the dumping of stainless steel products. The DGTR's role is pivotal in implementing trade remedial measures, including anti-dumping and safeguard duties.

Urgency Amidst Global Trade Uncertainties

With the global trade landscape becoming increasingly volatile, the Indian stainless steel industry emphasizes the urgency of imposing anti-dumping duties. The protection of domestic companies from substandard and cheap imports is deemed essential for sustaining growth in the Indian market.

Rising Imports Challenge Domestic Industry

According to BigMint, India's stainless steel imports have surged to 1.73 million tonnes in FY25, with significant contributions from China, Indonesia, Vietnam, and South Korea. This trend underscores the pressing need for protective measures to support the domestic industry.