Stainless steel industry seeks anti-dumping duties to curb cheap imports
Directorate General of Trade Remedies
(DGTR) on Monday seeking the imposition of
anti-dumping duties
on
low-cost imports
that are undercutting local producers,
Jindal Stainless
Managing Director Abhyuday Jindal told PTI.
The Indian Stainless Steel Development Association (ISSDA), representing the industry, filed the petition in late June to request an investigation into the alleged dumping of stainless steel products from select countries into the Indian market. The industry is now awaiting the DGTR's decision to initiate the probe.
The DGTR, operating under the Ministry of Commerce, is the apex body responsible for enforcing trade remedial measures, including anti-dumping and countervailing duties, as well as safeguard actions.
'DGTR usually takes two to three months to begin an investigation,' Jindal told PTI, adding that the request was made to protect domestic manufacturers from price distortions caused by underpriced foreign supplies.
When asked about the urgency of the matter in light of global trade uncertainties and recent tariff moves by the United States, Jindal emphasised the importance of timely intervention to ensure the stability and competitiveness of India's
stainless steel industry
.
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