[SMM Stainless Steel Market Flash] Outokumpu Unveils EvoMaterials for Low-CO₂ High-Purity Chromium

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.

Danish shipowner and operator Uni-Tankers has signed an agreement for eight 7,600 DWT stainless steel chemical tankers to be built at state-owned Haidong Shipyard, with deliveries expected to begin in 2028. Each vessel will feature 14 cargo tanks with total cargo capacity of 8,310 cubic meters and will join the Uni-Tankers fleet under time-charter arrangements, gradually replacing older tonnage.