INDUSTRY

Stainless steel industry seeks urgent action from DGTR against cheap imports

Domestic stainless steel industry has filed a petition with the Directorate General of Trade Remedies (DGTR) to consider anti-dumping duties on cheap imports, which are posing a challenge to local players, Jindal Stainless Managing Director Abhyuday Jindal has said.
The Indian Stainless Steel Development Association (ISSDA), on behalf of the industry, has filed the application to investigate the dumping of stainless steel items in the domestic market from a select group of countries, Jindal has said, adding that the industry is now waiting for the DGTR to begin its investigation.
The DGTR, under the Union Ministry of Commerce, is the apex authority for administering all trade remedial measures, including anti-dumping, countervailing duties and safeguard measures.
In an interaction with the PTI, Mr Jindal has added that the application was filed around the end of June. “DGTR also takes two to three months to start an investigation,” he has added.
Mr Jindal has said that there is a need for a duty on cheap imports an urgent basis in the wake of global uncertainty amid US tariff moves. “We have been suffering with substandard dumped material from countries like China, Vietnam and Indonesia for a very long time and now looking at these trade uncertainties globally. It (safeguards against cheap imports) is definitely required to protect our borders and protect our homegrown companies,” Mr Jindal has said.

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