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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India’s Stainless Steel Scrap Market Remains Steady Amid Currency Swings
India’s domestic and imported stainless steel scrap market stayed steady this week. Currency swings and limited trading shaped the overall mood. BigMint assessed domestic 304-grade scrap at Rs 114,000 per tonne ex-Delhi, unchanged week-on-week. At the same time, imported 304-grade...
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Global Stainless Steel Tank Market Set to Touch US $12.5 Billion by 2033
The stainless steel tank market is expected to reach US $12.5 billion (around Rs 104,000 crore) by 2033, as per the research by Strategic Revenue Insights Inc. The stainless steel tank market has become vital for industries such as food,...
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Stainless Steel Producer Jindal Stainless Commits Rs 700 Crore for Green Projects
Jindal Stainless Ltd (JSL), India’s largest stainless steel producer, has unveiled a Rs 700 crore plan for decarbonisation projects. At the same time, the company reported a 14 per cent drop in carbon emissions for FY25, marking a reduction of...
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