India's stainless steel producers are set to approach the government, seeking an anti-dumping investigation into imports from China, Vietnam, Malaysia, and other select countries.
The Indian Stainless Steel Development Association (ISSDA), the representative body for India's stainless steel producers, is planning to knock on the door of the Directorate General of Trade Remedies "soon."
"Our members face unfair competition from imports being dumped into the Indian market at artificially low prices. This practice harms domestic producers, especially MSMEs, by severely undermining their ability to compete and threatening their long-term sustainability," ISSDA President Rajamani Krishnamurti said.
"Similar anti-dumping measures have been effectively implemented in global markets for sectors such as carbon steel and aluminium. We are requesting targeted duties that reflect the true extent of dumping and restore fair market conditions," he added.
Further, Krishnamurti said the government's action to propose retaliatory duties on the US at the WTO is fully "supported".
"India's move sends a powerful message: fair and equitable trade practices are essential for a balanced and predictable global trading environment," he added.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
