THE end user industry of high grade stainless steel in India including pesticides and chemicals, refinery, auto components, utensil manufacturers, plant and machinery manufacturers, kitchen equipment makers and refineries presently importing stainless steel for their respective industries have welcomed the removal of anti dumping duty on import of certain category of cold rolled stainless steel as highly recommended by ministry of commerce.*

This a victory of sorts for thousands of end users and exporters, which they have been protesting against snce it was moved.

Beaming with joy, Mr YPS Suri India head of Outokumpu, Finland based leading stainless steel maker, said ‘Withdrawing of proposed anti dumping duty on certain grades and categories of cold rolled stainless steel is a land mark decision as it will support the growth of critical infrastructure related industries in India including Nuclear power plants, refineries, ports, storage sector, Railways including Metro Rail and water desalination plants coming up in a big way in the country.’

Mr Suri added that “Finding ways and means to increase per capita steel consumption is the best solution for the steel industry in the country instead of anti dumping duty .We had shelved our Investment plan in India due to the imposition of Anti Dumping Duty which was so badly needed by end users and SMEs in particular.”

Mr Ramachandran Secretary of Plant Process and Machinery Association of India said “Ministry of Commerce had initiated a anti dumping investigations on import of stainless steel at behest of single manufacturer Jindal Stainless steel in April 2009 and imposed Anti dumping duty and all category of stainless steel including not manufactured in India. High grade stainless steel is imported in the country for manufacturing critical components of machinery and products for petroleum, gas, food processing and automobile industry.”