Latest news with #Stainless
Time of India
4 days ago
- Business
- Time of India
Jindal Stainless MD calls for anti-dumping duty amid global uncertainties
Advt Advt An anti-dumping duty on stainless steel is crucial for the domestic industry , given the steep US tariffs and increasing global trade uncertainties Jindal Stainless managing director Abhyuday Jindal said on Wednesday.'The situation is urgent because this is where the growth is coming. India is where the market is growing. This is where investments are coming in… Rather than making our infrastructure Chinese-made, it should be Indian-made,' he said after the company announced its first quarter domestic stainless steel industry has been in talks with the Centre for the imposition of an anti-dumping duty for some time Stainless reported a 10.6 per cent year-on-year rise in its consolidated profit for the quarter ended June to ₹715 crore, while its consolidated revenue increased 8.2 per cent to ₹10,207 before interest, tax, depreciation and amortisation (Ebitda) rose 8.1 per cent year on year to ₹1,310 Indian Stainless Steel Development Association in June submitted an application to the Directorate General of Trade Remedies (DGTR), seeking anti-dumping consumed 4.85 million tonnes of stainless steel in FY25, with imports accounting for almost 36 per cent at around 1.73 million Indonesia, Vietnam and South Korea were among the countries from where stainless steel came into imports have been hurting the domestic industry, exports have not been strong quarter, Jindal Stainless had said it aims to export 22,000-25,000 tonnes of stainless steel each month this fiscal year, up from 16,000-18,000 tonnes in FY25.'We were definitely quite bullish on the US, but with this latest news (of additional tariffs) and the kind of behaviour we are seeing from (President Donald) Trump and the US administration, it is a little bit uncertain at the moment,' Jindal much as three-fourth of India's stainless steel exports have been catering to the US and European though, remains bullish on domestic markets, where he sees volumes rising by 9-10 per cent this fiscal. The company sold 626,000 tonnes of stainless steel during April-June, up 8.3 per cent compared to the previous Stainless reported its earnings after market hours. Its shares closed at ₹733.95 on the BSE on Wednesday, up 1.1 per cent from the previous close.
Business Standard
23-07-2025
- Business
- Business Standard
KEI Industries slips after Q1 PAT slides 14% QoQ to Rs 196 crore
KEI Industries declined 2% to Rs 3,909.25 after the company's consolidated net profit dropped 13.6% to Rs 195.75 crore on an 11.13% decline in revenue to Rs 2,590.32 crore in Q1 FY26 over Q4 FY25. On a year-on-year (YoY) basis, the company's net profit rose 30.28% to Rs 195.75 crore on a 25.44% increase in revenue to Rs 2,590.32 crore in Q1 FY26 over Q1 FY25. Profit before tax jumped 29.83% year on year to Rs 263.23 crore in Q1 FY26. EBITDA stood at Rs 298 crore in Q1 FY26, registering a growth of 28.45%, compared with Rs 232 crore recorded in the corresponding quarter last year. The EBITDA margin in this quarter has increased to 11.49% as against the 11.25% posted in Q1 FY25. The company's revenue from Cables & Wires was at Rs 2,477.12 crore (up 31.77% YoY), and revenue from Stainless Steel Wire stood at Rs 52.13 crore (down 3.57% YoY) during the quarter. However, the company's revenue from EPC projects fell 56.03% to Rs 99.41 crore in Q1 FY26. KEI Industries manufactures wires and cables (W&C) like EHV cables, HT cables, and LT cables and sells them in India and overseas.
Yahoo
11-07-2025
- General
- Yahoo
Walmart Issues Nationwide Recall on 850,000 Water Bottles After 2 People Blinded
Ozark Trail, Walmart's private-label brand is a go-to for many shoppers seeking outdoor gear and camping equipment. Their products are known for being dupes of name brand items, such as tumblers, wagons, backpacks, tents and coolers. Walmart recently issued a recall on one of their most popular Ozark Trail items that consumers should be aware of. According to the U.S. Consumer Product Safety Commission, Walmart recalls 850,000 Ozark Trail 64-ounce Stainless Steel Insulated Water Bottles due to serious impact and laceration hazards. According to the report, 'the lid can forcefully eject, posing serious impact and laceration hazards, when a consumer attempts to open the capped bottles after food, carbonated beverages or perishable beverages, such as juice or milk, are stored inside over time.' Related Story: Walmart has received three reports of injuries because of the lid "forcefully popping off" of the bottle when opened. All three customers who reported injuries were hit in the face, with two of them reporting permanent vision damage due to eye injuries. The water bottles are silver with a one-piece black screw cap lid. The original product package displays a model number of 83-662, but the model number is not printed on the water bottle itself. Owners of this product should discontinue use and can return the bottle to a Walmart store for a full refund. Up Next:Walmart Issues Nationwide Recall on 850,000 Water Bottles After 2 People Blinded first appeared on Men's Journal on Jul 11, 2025
