11 months ago
Jindal Awaits Anti-Dumping Duty Decision in 5 Months
Jindal Stainless Steel is waiting for the government's decision on extra taxes (anti-dumping duty) on imported stainless steel.
The government has been busy with trade agreements, which has delayed the decision.
Jindal Stainless Steel hopes for a positive outcome within the next few months.
The company believes that without these duties, imports from China will dominate the market.
Jindal is investing in facilities for defense and aerospace projects.
They are also expecting new supply from their Hisar plant.
The company believes in the growth of defense and aerospace industries.
Jindal Stainless Steel expects a decision on anti-dumping duties in 4-5 months.
The delay is due to government focus on free trade agreements.
India's steel demand is strong.
The company is investing in defense and aerospace sectors.
Fresh supply from the Hisar plant is expected next year.
- Who
- Jindal Stainless Steel
- What
- Expects anti-dumping duty decision
- Where
- India
- When
- In 4-5 months
- Why
- Due to free trade agreement focus
Indian Steel Industry
China
Trade Protection
Indian Steel Industry
Supports anti-dumping duties to protect domestic steel producers.
China
Benefits from the absence of anti-dumping duties on steel imports.
Key facts
- Company
- Jindal Stainless Steel
- Executive
- Abhyuday Jindal
- Expected Timeframe
- 4-5 months
- Issue
- Anti-dumping duty on stainless steel
- Reason for Delay
- Free trade agreements
- Investment
- ₹255 crore
- Focus Sectors
- Defense, aerospace, nuclear
Quotes
Abhyuday Jindal
MD, Jindal Stainless
“We see the industry growing close to 10-15 per cent every year in defence and aerospace, and nuclear sector also fuel growth as it still to start in a big way. We will have capacities matching the demand.”
thehindubusinessline.com
“We are hopeful in next four to five months, something positive should come.”
thehindubusinessline.com
