Related News

Arizona is fast becoming a major hub for computer chip production thanks to what’s being called the largest foreign direct investment in U.S. history. Kris Van Cleave takes us to

Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015. Jim Spellman | WireImage | Getty Images

BENGALURU: Scientists from Indian Institute of Science (IISc) reported an advance in the long quest to move electronics beyond silicon, by creating molecular-scale devices that can adapt their behaviour and

The big AI bubble question has been the tech industry’s buzziest debate all year, and one robot has weighed in with its opinion. KOID is a short but slender humanoid

On the 50th anniversary, two legends tell the story of the momentous 1969 moon walk: Apollo 11 commander Neil Armstrong and “CBS Evening News” anchor Walter Cronkite — the man

Softbank has completed its $40 billion investment commitment to OpenAI, sources told CNBC’s David Faber. The Japanese investment giant sent over a final $22 billion to $22.5 billion investment last

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

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

Word Count: 579 | Estimated Reading Time: 3 minutes


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

The Indian stainless steel industry has sought anti-dumping duties on low-priced imports from select countries, citing an urgent need to protect domestic players in the face of global trade uncertainties.Jindal Stainless Managing Director Abhyuday Jindal said the Indian Stainless Steel Development Association (ISSDA), representing the industry, has petitioned the Directorate General of Trade Remedies (DGTR) to investigate the dumping of stainless steel items into the domestic market. The industry is now awaiting the start of the investigation.The DGTR, under the Ministry of Commerce, is the nodal authority for administering trade remedial measures, including 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 told PTI.Pressed on whether the imposition of duties was urgent given global uncertainty and recent US tariff moves, 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 said.As per market research firm BigMint, India’s stainless steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the major contributors.





Source link

Most Popular Articles