Jindal Stainless Seeks Anti-Dumping Duty to Curb Cheap Imports

Jindal Stainless

Jindal Stainless seeks anti-dumping duty to curb cheap imports and stabilize India’s stainless market. Jindal Stainless seeks anti-dumping duty as US tariffs rise and low-priced inflows grow. Jindal Stainless seeks anti-dumping duty to protect investment and domestic capacity.

Petition targets China and Vietnam as imports surge

Jindal Stainless urged swift DGTR action on anti-dumping duties. The industry petition names China and Vietnam as key sources. As a result, India’s producers face price pressure and margin erosion. The company warned that persistent undercutting threatens capex plans. It argued that protective duties would restore a fair playing field.

US tariffs complicate exports; domestic demand stays firm

US tariffs of 25pc on Indian steel raised uncertainty for exporters. Therefore, Jindal Stainless will lean harder on India’s resilient demand. Sales volumes rose 8.3pc to 626,252t on autos, rail, lifts and appliances. Meanwhile, the export mix held at 9pc as the firm prioritized value-added orders. Management expects DGTR to start the probe within two to three months.

Strong domestic momentum supports near-term utilization rates. However, protectionist measures in the EU and US cloud global sentiment. Jindal Stainless is expanding presence in Japan, the Middle East and South America. The firm said it will keep serving global customers with tailored solutions. It aims to balance exposure while defending share at home.

Policy clarity will shape pricing and coil availability into 2026. If DGTR imposes duties, import arbitrage should narrow. Consequently, domestic mills could lift run-rates and stabilize realizations. Without relief, cheaper stainless could cap local prices and investment. Stakeholders across fabrication and white goods should plan for volatility.

The Metalnomist Commentary

India’s stainless ecosystem sits at a policy inflection point. Provisional duties would likely firm domestic spreads and spur capex. Watch DGTR timelines, landed cost gaps versus China and Vietnam, and contract resets post-festive season.