[SMM Stainless Steel Market Flash] Jindal Stainless: EU Quota, Not CBAM, Is What Cuts Its Europe Volumes

Published: Aug 14, 2026 14:55

Save

On its Q1 FY27 earnings call on August 4, India's Jindal Stainless (JSL) said reduced EU import quotas, not CBAM, are what will make its Europe volumes look smaller, adding it is confident of filling its quota allocation. On CBAM readiness, JSL said it has internationally accredited verifiers in place and is waiting on the EU to appoint verifiers, noting its scrap-based route — scrap feed is about 85-90% at Hisar and 70-75% at Jajpur, over 90% sourced from India and Southeast Asia. Exports are roughly 10-11% of volume, with Europe 30-40% and Europe plus the US around 60%; JSL is diversifying into Japan, South Korea and Brazil. India's anti-dumping public hearing is set for September 9, while the QCO suspension is expected to run to March 2027.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 mins ago

Data: SHFE, DCE market movement (Aug 14)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 14 Aug , 2026

15 mins ago

34 mins ago

[SMM Analysis] Macro Economics leave Chinese stainless futures exposed as seasonal demand stays weak

SMM Weekly Stainless Steel Futures Review — week of August 10–14, 2026. Chinese stainless steel futures fell for a fourth straight week, settling at RMB 14,245/mt (about $2,114/mt) on August 14.

34 mins ago

1 hour ago

High-Grade NPI Market Sentiment Weakens in August, Down 0.03 MoM

[SMM Nickel Flash] August 14 news: SMM high-grade NPI market sentiment factor stood at 1.93, down 0.03 MoM; the high-grade NPI upstream sentiment factor stood at 2.06, down 0.01 MoM; and the high-grade NPI downstream sentiment factor stood at 1.80, down 0.04 MoM. High-grade NPI market sentiment weakened.

1 hour ago