Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
According to Rajamani Krishnamurti, President of the Indian Stainless Steel Development Association (ISSDA), almost 30-35% of Gujarat's medium- and small-sized enterprises closed their doors between July and September of last year due to the heavy influx of cheaper Chinese imports, which is directly affecting Indian stainless steel players. In the MSMEs sector, Gujarat accounts for 80% of the total. Due to pressure on domestic stainless steel companies' profit margins from cheaper Chinese imports, the sector filed a petition last year asking the government to impose countervailing tax (CVD) on Chinese stainless steel products.
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