[SMM Stainless Steel Market Flash] Uni-Tankers Adds Eight 7,600 DWT Stainless Chemical Tankers

India’s CESTAT ruled in a case involving Chinese cold-rolled stainless steel imports that anti-dumping duty levied under the Customs Tariff Act forms part of the relevant customs duty framework and must be reflected in the calculation of IGST on imported goods. The tribunal upheld demands of about INR 2.10 million in anti-dumping duty and INR 377,228 in IGST, together with applicable interest.

India’s Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld anti-dumping duty and related IGST demands on two consignments of cold-rolled stainless steel flat products imported from China in January and May 2019. Subsequent scrutiny found that the importer had not paid the then-applicable 57.39% anti-dumping duty at self-assessment. The tribunal also reduced the importer’s penalty from INR 400,000 to INR 100,000.

According to Outokumpu, its EvoMaterials pilot plant in Londonderry, New Hampshire is scheduled to become operational in the first half of 2027, scaling the technology from kilogram to ton-scale production to demonstrate industrial feasibility. The company plans to follow with a commercial-scale facility targeted for operation in 2030 and is evaluating locations in both the US and Europe. Outokumpu previously said the pilot investment is worth about $45 million.