Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
ISSDA seeks action against rising cheap imports.
MSMEs face mounting pressure.
Govt safeguard duty hints at more support coming.
New Delhi, April 30, 2025 — India’s stainless steel industry has urged the government to impose protective measures against a sharp rise in cheap imports, particularly from China and ASEAN nations. The Indian Stainless Steel Development Association (ISSDA) stated that these imports threaten domestic producers, especially MSMEs, and undermine the ‘Make in India’ initiative.
Rising input costs and market volatility have already strained local manufacturers. The influx of low-priced stainless steel is worsening the situation, with ISSDA demanding steps like safeguard duties and stricter import monitoring.
The government has recently imposed a provisional 12% safeguard duty on five steel categories, but stainless steel players seek inclusion under such protective measures. The issue will be a key agenda at the upcoming Global Stainless-Steel Summit 2025, where stakeholders aim to draft long-term strategies to support the domestic sector.
Also Read : Steel Wire Market Seen Hitting $115B by 2032 Hindustan Zinc and Tata Steel Join Hands on Low-Carbon Zinc
The spot price of liquefied natural gas (LNG) remains low due to abundant supply and diminishing win...
China 05-Feb-2024
Building a home is getting costlier as the West Asia crisis disrupts supply chains and pushes...
Asia 23-Mar-2026
Global Steel Production Declines 1.3% in July Overall Output Drops to 150.1 Million Tonnes Accor...
China 22-Aug-2025
Aerospace and defence manufacturing startup Jeh Aerospace has officially opened its manufacturing hu...
Mid Corporate 23-Jan-2024
Vedanta is working "actively" for demerger of its key businesses, including aluminium, into separate...
Large Corporate 12-Feb-2024
Jindal Stainless Ltd (JSL) has launched its first steel fabrication unit in Pathredi, Haryana, with...
India 06-Oct-2025