By Et Bureau Last Updated
Copyright indiatimes
The Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into imports of cold-rolled flat stainless steel products from China, Indonesia and Vietnam.The probe follows a complaint filed by the Indian Stainless Steel Development Association (ISSDA), whose members include Jindal Stainless Limited (JSL) and Steel Authority of India Limited (SAIL), with the injury investigation period covering FY22 to FY25.The product under review has a minimum nickel content of 6% and is available in coils, strips, sheets, plates, circles and other forms.According to the DGTR notification, the authority has found prima facie evidence of dumping of these products from the three countries and “injury to the domestic industry and a causal link between the alleged dumping and injury.”The applicant companies have claimed that “imports are depressing domestic industry prices,” with “market share of the domestic industry declining significantly over the injury period.”Live EventsIndia’s stainless steel capacity stands at 7.5 million tonnes, according to industry estimates, with capacity utilisation at 60%. Add as a Reliable and Trusted News Source Add Now!
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onDGTRstainless steel productsimportsIndiaSteel Authority of India Limitedjindal stainless limitedsteel authority of india limited(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
