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Jindal Stainless, India's stainless-steel body, says it will file an antidumping petition within a few weeks.

India's Jindal Steel said on Thursday that a domestic trade organization will seek anti-dumping duty on stainless steel imported from China and Vietnam. This comes weeks after India imposed a temporary safeguard duty of 12% on certain steel imports in order to support its local mills.

The tariffs were introduced to help Indian producers, who had been forced to reduce their operations and even consider job cuts because of the influx of cheaper shipments coming from China, South Korea and Japan.

The temporary tariff did not include stainless steel.

Abhyuday Jindal, Managing Director of the company, said that data showed that China and Vietnam were dumping goods into India. He added that these shipments came to India at "throwaway" prices.

Jindal said, "The threat to the nation is clear."

The O.P. The O.P. The net revenue increased by 8%, to 101.98 trillion rupees.

Exports dropped to 8%, down from 11%.

The company expects exports to increase by 30% during the financial year 2025-2026. Jindal stated that the U.S. steel tariffs give the company an equal playing field with other countries on the export market.

He added, "We expect growth in our U.S. businesses due to tariffs."

In early 2018, President Donald Trump imposed 25% tariffs for all steel and aluminum products.

In addition, Jindal Stainless increased its sales volume by 9% in the financial year 2025 to 2,37 million tons. The company expects volumes to increase by 9%-10% during fiscal 2026.

(source: Reuters)