Seeking measures that safeguard India’s stainless steel industry against cheap imports from certain countries, industry members of the Indian Stainless Steel Development Association (ISSDA) have filed a petition to consider anti-dumping duties on these imports.
The application has been filed with the Directorate General of Trade Remedies (DGTR), informed Abhyuday Jindal, Managing Director at Jindal Stainless Limited, adding that the situation is dire in the wake of US President Donald Trump’s hiked tariffs, especially on the steel industry.
The DGTR, under the Ministry of Commerce, is the apex authority for administering all trade remedial measures, including anti-dumping, countervailing duties and safeguard measures.
The association has also sought an investigation into the dumping of sub-standard stainless steel items in the domestic market by a select group of countries, said Jindal.
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“These cheap imports are posing a challenge to local players,” said Jindal.
The application was filed around the end of June, so the industry is now awaiting the DGTR’s investigation to begin.
“DGTR also takes two to three months to start an investigation,” he informed.
“For a very long time, we have been suffering because of sub-standard dumped material from countries like China, Vietnam, Indonesia. Now, as we are faced with trade uncertainties globally, the situation has become urgent. India is where the market is growing, so it’s definitely required to protect our borders, protect our homegrown companies,” said Jindal.
India's stainless steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the major contributors to the shipments, as per the market research firm BigMint.
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