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Indian stainless steelmakers voice concern over jump in imports from China and Indonesia

Indian stainless steelmakers voice concern over jump in imports from China and Indonesia

Original Source of this post is:

https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/indian-stainless-steelmakers-voice-concern-over-jump-in-imports-from-china-and-indonesia/articleshow/86563081.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Indian stainless steelmakers, reeling under pressure from dumping, have sought the imposition of countervailing duties on stainless steel imports from Indonesia and China.

Import of stainless steel in the first four months of FY22 was about 177% higher than the year-ago period.

“We had been talking about this to the government, and today it has come to a situation that we need to bring down our capacities because running the business is not profitable,” said a Haryana-based man ..

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