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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.
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