Steel safeguard push: Industry seeks anti-dumping duties on cheap imports, flags urgent need amid trade uncertainties

The Indian chrome steel business has sought anti-dumping duties on low-priced imports from choose nations, citing an urgent need to guard home gamers within the face of worldwide trade uncertainties.Jindal Stainless Managing Director Abhyuday Jindal stated the Indian Stainless Steel Development Association (ISSDA), representing the business, has petitioned the Directorate General of Trade Remedies (DGTR) to research the dumping of chrome steel gadgets into the home market. The business is now awaiting the beginning of the investigation.The DGTR, underneath the Ministry of Commerce, is the nodal authority for administering trade remedial measures, together with anti-dumping, countervailing and safeguard duties.“The application was filed around the end of June. DGTR also takes two to three months to start an investigation,” Jindal advised PTI.Pressed on whether or not the imposition of duties was urgent given world uncertainty and up to date US tariff strikes, he replied, “Definitely… because for a very long time we have been suffering with substandard dumped material from countries like China, Vietnam, Indonesia, and looking at now absolutely these trade uncertainties globally, it’s definitely required to protect our borders, protect our homegrown companies.“Situation is urgent because this is where the growth is coming. India is where the market is growing,” he stated.As per market analysis agency BigMint, India’s chrome steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the foremost contributors.