Indian stainless producers are looking for ways to influence the situation with cheap imports of corrosion resistant metal from China. In particular, Jindal Stainless management of the company — one of the industry leaders in the country (accounting for about 50% of total production) — by submitting a statement to the authorities controlling this issue. Ramesh Nair — executive director of Jindal Stainless — commented on the situation: «The price of stainless steel imported to our country from China, significantly lower cost level," local «metal (approximately 20−25 percent less). It harms the industry, and we turned to the government for the introduction of anti-dumping duties on imports of products in this category. First of all we are talking about cold-rolled stainless steel — the most interesting for the domestic consumer category rolled. «
The opinion of the representatives of Jindal Stainless shares the president of the association Indian Stainless Steel Development Authority (ISSDA) Mr N. S. Mathur. He believes that the five-percent import duty on stainless serving today have become «obsolete.» And if the situation does not affect, India could become a «dumping ground for Chinese manufacturers.» Whereas, according to market experts, the country has its own excess capacity — not less than 3.5 million tons per year.