India Stainless steel industry requires government support, says Ratan Jindal

Published: Jan 15, 2015 09:57

Save

He stated his comments, during his interaction with the media in Ahmedabad on Monday.

Author: Paul Ploumis
14 Jan 2015 Last updated at 06:57:53 GMT
NEW DELHI (Scrap Monster): He stated his comments, during his interaction with the media in Ahmedabad on Monday. He added that, the stainless steel section of the country requires strong support from the government, encouraging the domestic producers by imposing import as well as export restrictions on the semi finished as well as finished stainless steel goods.

In the sector, the financial institution, is expected to have about 30,000 crore of bank exposure. In the recent years, the stainless steel industry has developed more than expected. The commodity is now not only made to use in the kitchens of the country. The material, which is a great alloy is put into use on many numbers of applications. The government is lacking the guidance over the material.

The export of the material from China is increasing day by day. Even though the quantity of the material which are being imported is high, the quality is of lower grade. The price of the imported commodity is lower than the domestic stainless steel, which triggers unwanted as well as unfair competition in the market.

stainless steel jindal steel government imports chinese products alloy advancements

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 to learn 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

Feb 6, 2026 23:56

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

Feb 6, 2026 23:56

Feb 6, 2026 23:54

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

Feb 6, 2026 23:54

Feb 6, 2026 23:47

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

Feb 6, 2026 23:47