Steel Ministry Puts Dual Certification Rule on Hold until December 2025
The Steel Ministry has suspended the dual certification rule for importing both finished steel goods and raw materials till December 31, 2025. This move aims to ease supply disruptions and give relief to micro, small and medium enterprises (MSMEs) struggling...
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Duplex Stainless Steel Market Set for Strong Growth by 2032
The global duplex stainless steel market will reach around US $6.5 billion in 2025 and rise to US $9.2 billion by 2032. It will grow at a compound annual growth rate (CAGR) of 5.1 per cent between 2025 and 2032....
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Stainless Steel Maker Jindal Stainless Opens First Fabrication Unit in Mumbai
Jindal Stainless inaugurates its first stainless steel fabrication unit in Washivali, Patalganga, Mumbai. The company invested around Rs 125 crore in the four lakh square ft facility. The new unit, developed under Jindal Stainless Steelway Limited (JSSL), will cater to...
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India launches anti-dumping probe on stainless steel imports from China, Indonesia and Vietnam
The Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into imports of cold-rolled flat stainless steel from China, Indonesia and Vietnam. Officials took this step after the Indian Stainless Steel Development Association (ISSDA) filed a detailed complaint...
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India’s Stainless Steel Market Stays Subdued as Demand Weakness Continues
India’s stainless steel flats and longs market stayed quiet this week. Prices held steady, but demand across both segments remained weak. BigMint assessed 304-series hot-rolled coils (HRCs) at Rs 192,000/t ex-Mumbai, with no change from last week. Similarly, 304L black...
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Global Automotive Stainless Steel Tube Market Set to Reach US $5.9 Billion by 2032
The global automotive stainless steel tube market is gaining momentum as the car industry transforms with stricter emission rules and higher demand for fuel efficiency. The market stood at US $4.2 billion in 2023 and will likely touch US $5.9...
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