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Indian stainless steel makers to file dumping probe request.
Imports from China, Indonesia under scrutiny.
Potential AD duty could reshape market prices.
India's stainless steel industry is preparing to formally approach the government, seeking an anti-dumping investigation against certain imported stainless steel products. Sources close to the matter revealed that domestic producers are concerned about a sharp rise in cheap imports from countries like China, Indonesia, and Malaysia, which are reportedly undercutting local prices.
Industry executives confirmed that leading producers, including Jindal Stainless and other regional mills, have compiled data showing how these imports are impacting market prices and local mill margins. The official application for initiating a dumping investigation is expected to be filed with the Directorate General of Trade Remedies (DGTR) in the coming weeks.
This move follows growing concerns about the widening trade gap and stress on domestic production capacities. Stainless steel players argue that without immediate protective measures, India's stainless steel sector could face production slowdowns and job cuts. If the DGTR finds merit in the complaint, provisional anti-dumping duties could be imposed, followed by a detailed inquiry.
The market is closely watching this development as it may lead to price adjustments and shifts in import patterns for stainless steel products in the coming months.
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