By Our Bureau

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Jindal Stainless Steel expects the government to finalise the anti-dumping duty on stainless steel imports in the next five months as it was delayed due to free trade deliberations among various countries.

Abhyuday Jindal, MD, Jindal Stainless Steel said the DGTR (Directorate General of Trade Remedies) and Ministries were quite busy with all the BTAs (bilateral trade agreements), FTAs (free trade agreements) that the Indian government has been engaged in, and were not getting enough time to look into the anti-dumping plea.

However, he said two officers have been appointed to investigate the matter and the industry has already provided all the required data.

“We are hopeful in next four to five months, something positive should come,” he said on the sidelines of the Indian Chamber of Commerce’s Global Business Summit 2025 here on Thursday.

India is the only country where the demand is still robust but most of the benefit is going to imports from China.

Though it is mandatory to register with the Bureau of Indian Standards for imports into India, he said implementation is a big challenge as the customs department does not have the manpower to implement it.

The demand across the US and European markets are very low and China is also cutting down on its production, he said.

China threat

It is important for the government to realise that if they do not support Indian companies, then the country will turn out to be the biggest market for China, Jindal added.

The company has been focusing on supplying high-grade stainless steel and speciality low-alloy steel sheets for defence, aerospace and nuclear projects. Fresh supply from its Hisar plant in Haryana is expected to start from middle of next year, he said.

The company, which was accredited by BrahMos Aerospace last year as a qualified vendor for the manufacturing and supply of steel sheets and plates, will invest ₹255 crore in forging and ESR facilities dedicated to the aerospace and defence sectors.

“We see the industry growing close to 10-15 per cent every year in defence and aerospace, and nuclear sector also fuel growth as it still to start in a big way. We will have capacities matching the demand,” he said.

Though the government is simplifying the process for getting in the defence space, he said decision making needs to be faster which will give the industry the confidence that if a government comes out with a tender it will be executed in one year.

Published on September 18, 2025