New Delhi, April 25 -- India's primary stainless steel producers have urged the government to impose anti-dumping duties amid a surge in cheap imports, especially from China and Vietnam.
With global trade tensions escalating due to the ongoing tariff war between the US and China, Indian manufacturers fear a flood of excess Chinese production into the domestic market.
India currently levies a basic customs duty of 7.5 per cent on stainless steel imports. However, the domestic industry argues this is insufficient to counter the threat posed by aggressive dumping practices.
India's annual stainless steel demand stands at 4.5 million tonnes, with 1-1.5 million tonnes imported. Despite having a production capacity of 7.5 million tonnes, Ind...
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