HomeNewsBusinessEconomyStainless steel producers, end users clash over imports

Stainless steel producers, end users clash over imports

Earlier this month, producers body Indian Stainless Steel Development Association (ISSDA) said imports of stainless steel, mainly used in making utensils and kitchen appliances, rose 25 per cent in first five months of this fiscal to 2.3 lakh tonnes (LT) against 1.84 LT in the April-August period of 2015-16 fiscal.

October 19, 2016 / 10:17 IST
Story continues below Advertisement

After clashing with each other on Stainless Steel Quality Control (QC) Order, stainless steel producers and end users have now locked swords over imports of the metal.

Earlier this month, producers body Indian Stainless Steel Development Association (ISSDA) said imports of stainless steel, mainly used in making utensils and kitchen appliances, rose 25 per cent in first five months of this fiscal to 2.3 lakh tonnes (LT) against 1.84 LT in the April-August period of 2015-16 fiscal.

Story continues below Advertisement

However, end user body Process Plant and Machinery Association of India (PPMAI) claimed that figures provided by ISSDA are "incorrect" and the inbound shipments have declined by "over 50 per cent in January-August period this calendar year".

To which ISSDA said PPMAI is indulging in a "malicious campaign", which is based on "concocted and incorrect" data to meet their "vested interests".