Fearing dumping of stainless steel, JSL MD presses for 25% imports duty

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Fearing dumping of stainless steel, JSL MD presses for 25% imports duty - Business Standard

Quick Summary:

US President Donald Trump's decision to impose a 25 per cent import tax on steel and aluminum will be beneficial for the domestic industry, he said, explaining that such a tariff has been slapped on India since Trump's first term and the latest move will create a level playing field.

Jindal Stainless' managing director Abhyuday Jindal on Thursday pressed for a duty of up to 25 per cent for imports to protect domestic manufacturers against a possible dumping of goods into the country.

"If other markets are all getting closed, then they will come to India because India is growing.There is only a basic 7.5 per cent customs duty which is not enough," Jindal told reporters on the sidelines of an event here.