<p>Mumbai: The Indian Stainless Steel Development Association (ISSDA), the apex body of the industry, on Wednesday cautioned against unfairly priced imports from China and Vietnam, which it described as a threat to the domestic manufacturers. </p><p>ISSDA also called for a National Stainless Steel Policy third edition of the Global Stainless Steel Expo 2025 (GSSE 2025) in Mumbai. </p><p>"As the world paces towards sustainability and resilient infrastructure, stainless steel’s relevance is only growing. However, the influx of unfairly priced imports continues to challenge domestic manufacturers. ISSDA has consistently cautioned against these risks, emphasising that unchecked trade diversions—particularly from nations like China and Vietnam—could undermine domestic manufacturing and employment in the sector,” ISSDA President Rajamani Krishnamurti said. </p>.South Korea to minimise impact of 50% tariff on steel products.<p>"To safeguard the interests of the Indian stainless steel industry, both the government and industry stakeholders must remain vigilant, closely monitor import trends, and proactively implement necessary safeguard measures,” he said.</p><p>India’s installed stainless steel capacity stands at 7.5 MT, with a current utilisation of around 60%, indicating significant potential for ramp-up, provided the right policy environment and demand momentum are sustained.</p><p>Jindal Stainless Chairman Ratan Jindal said if India truly aspires to be a global manufacturing powerhouse, stainless steel must be one of its strongest foundations. </p><p>“With consumption projected to cross 20 million tonnes by 2047 and likely more, we must continue to develop the stainless steel ecosystem through a three-pronged strategy,” he said.</p><p>“First, we must continue to scale our capacity to meet the growing demand. Second, we must strengthen our capability by investing in research, integrating digitalisation in every link of the value chain, increasing industry-academia partnerships, and promoting sustainable manufacturing practices. Third, we must work with the government to maintain a level playing field, particularly for MSMEs, by introducing trade remedial measures that prevent the influx of subsidised imports from China, circumvented through other ASEAN countries like Vietnam. I appreciate the government for their continuous support in bringing this strategy to life, including their push for Make in India, quality standards, and infrastructure investments that have been instrumental in shaping the stainless steel ecosystem,” he added. </p>
<p>Mumbai: The Indian Stainless Steel Development Association (ISSDA), the apex body of the industry, on Wednesday cautioned against unfairly priced imports from China and Vietnam, which it described as a threat to the domestic manufacturers. </p><p>ISSDA also called for a National Stainless Steel Policy third edition of the Global Stainless Steel Expo 2025 (GSSE 2025) in Mumbai. </p><p>"As the world paces towards sustainability and resilient infrastructure, stainless steel’s relevance is only growing. However, the influx of unfairly priced imports continues to challenge domestic manufacturers. ISSDA has consistently cautioned against these risks, emphasising that unchecked trade diversions—particularly from nations like China and Vietnam—could undermine domestic manufacturing and employment in the sector,” ISSDA President Rajamani Krishnamurti said. </p>.South Korea to minimise impact of 50% tariff on steel products.<p>"To safeguard the interests of the Indian stainless steel industry, both the government and industry stakeholders must remain vigilant, closely monitor import trends, and proactively implement necessary safeguard measures,” he said.</p><p>India’s installed stainless steel capacity stands at 7.5 MT, with a current utilisation of around 60%, indicating significant potential for ramp-up, provided the right policy environment and demand momentum are sustained.</p><p>Jindal Stainless Chairman Ratan Jindal said if India truly aspires to be a global manufacturing powerhouse, stainless steel must be one of its strongest foundations. </p><p>“With consumption projected to cross 20 million tonnes by 2047 and likely more, we must continue to develop the stainless steel ecosystem through a three-pronged strategy,” he said.</p><p>“First, we must continue to scale our capacity to meet the growing demand. Second, we must strengthen our capability by investing in research, integrating digitalisation in every link of the value chain, increasing industry-academia partnerships, and promoting sustainable manufacturing practices. Third, we must work with the government to maintain a level playing field, particularly for MSMEs, by introducing trade remedial measures that prevent the influx of subsidised imports from China, circumvented through other ASEAN countries like Vietnam. I appreciate the government for their continuous support in bringing this strategy to life, including their push for Make in India, quality standards, and infrastructure investments that have been instrumental in shaping the stainless steel ecosystem,” he added. </p>