Stainless steel industry to discuss import concerns at global expo in Mumbai from June 4
The stainless steel industry is set to spotlight key challenges, including rising imports, at the Global Stainless-Steel Expo 2025 (GSSE 2025), scheduled to begin on June 4 in Mumbai.
Thousands of professionals from across the globe are expected to participate in the three-day summit, which aims to foster dialogue on both opportunities and concerns within the sector.
According to research firm BigMint, India's stainless steel imports rose by nearly 3% year-on-year to 1.73 million tonnes in FY25, with the bulk of shipments coming from China, Indonesia, Vietnam, and South Korea. Industry players argue that low-cost steel imports are negatively impacting domestic manufacturers, PTI reported.
More than 10,000 professionals linked directly to the stainless steel industry are expected to take part in discussions, sharing insights and suggestions to address this critical issue, said event organiser Virgo Communications and Exhibitions (VCE) in a statement.
In addition to import-related concerns, the summit will address broader themes such as demand creation, emissions reduction targets, boosting exports, innovation, research and development of new technologies, and strategies to drive growth in the sector, VCE added.
The expo will also serve as a hub for partnerships and collaborations in a sector that has seen a compound annual growth rate (CAGR) of 8–9% in India—significantly outpacing the global average CAGR of 5.8%.
'Stainless steel has evolved beyond its industrial roots, becoming a cornerstone of India's growth across diverse sectors. From powering infrastructure to supporting defence and sustainable development, stainless steel is a symbol of resilience and innovation,' said VCE Director Anitha Raghunath.
Industry leaders from both India and abroad, along with representatives from the government, are expected to attend the summit. The event will also explore the use of stainless steel in high-growth sectors such as renewable energy (solar, wind, and hydro), electric vehicles, public transport, automobiles, heavy transport, healthcare, railways and metro projects, railway station redevelopment, as well as defence and aerospace.
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