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Bloomberg Quint

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Stainless Steel Industry Calls For Safeguard Measures To Protect Local Players

  • Jindal Stainless Managing Director Abhyuday Jindal calls for protectionist measures to curb cheap stainless steel imports and safeguard the interests of local players.
  • Jindal emphasizes the importance of protecting the country against unfair trade practices in the steel industry, citing examples of protective measures adopted by other nations like the US and Europe.
  • India has sufficient stainless steel production capacity but still relies on imports for about 30% of consumption, impacting domestic investments and utilization levels.
  • Jindal advocates for a separate National Stainless Steel policy and taxonomy to support the growth of the domestic stainless steel sector, highlighting the need for a conducive policy environment and sustained demand momentum.

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