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The Indian Stainless Steel Development Association (ISSDA), on behalf of the industry, has filed the application to investigate the dumping of stainless steel items in the domestic market
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The approvals pave the way for commercial engagements with the breweries, which Inox India hopes will result in the company turning into a preferred global supplier.
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The stainless steel maker primarily exports to Europe and the United States, but is now expanding into Japan, Southeast Asia and the Middle East to offset declining volumes amid weak demand and geopolitical uncertainties. In Q3FY25, exports contributed only 8 per cent of the company's sales.
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The Indian Stainless Steel Development Association (ISSDA), which counts Jindal Stainless and Steel Authority of India Ltd as its members, had flagged concerns related to unfair trade practice by Chinese developers, in a letter to the Steel Secretary,
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The customs duty on ferro nickel has been slashed from 2.5% to zero, making it duty-free. Duty exemption on ferrous scrap has been extended to March 2026
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The Department for Promotion of Industry and Internal Trade (DPIIT), under Ministry of Commerce and Industry, issued a Quality Control Order on March 14, making the ISI mark compulsory for these kitchen utensils.
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The 14th task force has been constituted to further aid the carbon reduction practises in the domestic steel industry by the usage of biochar, according to a steel ministry document
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Stainless steel’s usage in India's infrastructure domain remains largely untapped
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The domestic demand for stainless steel was at 4 million tonnes (MT) in fiscal 2021-2022, the ratings agency said in a report on Thursday.
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Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.
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India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove "injury" to the domestic industry, according to a government notification.
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In the past, Jindal Defence and Aerospace has supplied material for key DRDO and ISRO projects, including satellite launcher PSLV, GSLV Mk-3, Chandrayaan, and more
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USBRL has been declared a project of national importance and is the biggest one in the construction of a mountain railway since independence.
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Through the memorandum of understanding (MoU), both institutions plan to promote innovative architectural technologies and materials across buildings and the construction industry with the common objective of advancing the field of architecture design
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This comes after China's Tsingshan Holding Group, one of the world's largest nickel and stainless steel producers, announced on March 14 it had entered into an arrangement with lenders under which they will not issue margin calls on or close out the producer's nickel positions on the LME.
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The European Commission, which conducted the investigation, has set duties of 10.2% for Indonesia’s IRNC and 20.2% for other Indonesian producers, the EU official journal said on Thursday.
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The industry would stand to gain more if electricity, furnace oil and natural gas could also be considered under the ambit of GST, the industry body said.
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India overtook Japan as the second-largest producer in 2016, according to data released by the International Stainless Steel Forum (ISSF) at their annual conference held on May 14-19, 2017 in Tokyo, Japan, ISSDA said in a statement.
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The industry body had been pursuing with the government for zero duty on ferro nickel and stainless steel scrap and duty increase on stainless steel finished flat products.
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Indian Stainless Steel Development Association (ISSDA) has urged Ministry of Steel for immediate implementation of Quality Control Order (QCO) for stainless steel flat products.
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The piece from the Swiss company's 1518 series sold on Saturday for 11,002,000 Swiss francs following a 13-minute bidding war, according to a statement from Phillips, a leading watch auction firm based in London.
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The in-bound shipments of the metal stood at 1.84 MT in the April-August period of 2015-16, data provided by the Indian Stainless Steel Development Association (ISSDA) showed.
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Process Plant and Machinery Association of India (PPMAI) said DIPP, under the Commerce Ministry, has also urged for granting more time before implementing the QC order.
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ISSDA's response assumes significance as other industry bodies like Metal and Stainless Steel Merchant's Association, All India Stainless Steel Industries Association and Process Plant & Machinery Association of India (PPMAI) have alleged that the QC Order has been implemented without discussions with end users.
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To check the sale of defective and sub-standard stainless steel products used for making utensils and various kitchen appliances, the Steel Ministry had in June issued a quality control order that will help filter imports of the metal.
