India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Indian stainless steel prices continue to face downward pressure due to a surge in low-priced imports from China, Vietnam, and Indonesia, said Abhyuday Jindal, Managing Director of Jindal Stainless.
Imported stainless steel is currently priced 5–10% lower than domestic material, creating an uneven playing field for local producers. The situation has worsened as global restrictions on Chinese exports divert excess volumes toward India.
To safeguard the domestic industry, the Indian Steel Association has petitioned the Directorate General of Trade Remedies (DGTR) for the imposition of anti-dumping duties. The investigation, initiated in September, aims to assess whether subsidized imports are hurting Indian manufacturers.
Despite these challenges, Jindal Stainless reported a 33% year-on-year rise in quarterly profit, supported by strong domestic demand and steady capacity utilization. However, Abhyuday Jindal emphasized that sustained policy support and quality control measures are essential to prevent market distortion and protect MSME producers.
Also Read : Q1 Profits Shine: Steel Exchange India Crosses ₹10 Cr Mark Brokerages Split on Tata Steel’s ₹1-Trillion Expansion Blueprint
✅ Novartis CEO monitoring US reciprocal tariff policy’s impact.✅ Tariffs could affect drug p...
USA 17-Mar-2025
Indian steel prices have plummeted to their lowest levels in over three years, according to a recent...
Ferrous 08-Aug-2024
The Indian steel market could face challenges from potential dumping due to the recent tariffs impos...
US 17-Feb-2025
Domestic finished steel consumption is expected to expand by 13% to 136 million tonnes (MT) in 2023-...
Ferrous 18-Apr-2024
The price of oil, which is important for many things like making gasoline for cars and heating homes...
Africa 08-Feb-2024
Adani Dhamra Port Dispatches First Steel Slab Rake Adani Dhamra Port has marked a major milestone w...
Construction 23-Aug-2025