Brief: Jindal Stainless Exec Says India Prime Minister Office Taken Up Matter On Stainless Steel Dumping

Jindal Stainless

26/07/2023 12:57

July 26 (Reuters) - Jindal Stainless Ltd  JIST.NS :
    * INDIA'S JINDAL STAINLESS EXEC: INDIA PRIME MINISTER OFFICE
HAS
TAKEN UP MATTER ON STAINLESS STEEL DUMPING
    * JINDAL STAINLESS EXEC: COST OF CHINESE STAINLESS STEEL
PRODUCTS
15-20% CHEAPER VERSUS LOCAL PRICES
    * JINDAL STAINLESS EXEC: CHINA OCCUPYING CLOSE TO 30% OF
STAINLESS
STEEL MARKET SHARE IN INDIA
    * INDIA'S JINDAL STAINLESS EXEC: NEED COUNTERVAILING DUTY ON
STAINLESS STEEL IMPORTS
    * JINDAL STAINLESS EXEC: INDIA IS ONLY MARKET OPEN TO CHINA
WHERE
THEY ARE ABLE TO DUMP STAINLESS STEEL
    * JINDAL STAINLESS EXEC: WITHOUT SAFEGUARDS, STAINLESS STEEL
DUMPING TO CONTINUE
    * JINDAL STAINLESS EXEC: EXPECT U.S. EXPORTS TO PICK UP
FASTER
THAN EUROPE
    * JINDAL STAINLESS EXEC: LOGISTICS COST VERY HIGH
DOMESTICALLY
    * JINDAL STAINLESS EXEC: SEEING GOOD GROWTH IN EXPORTS TO
MIDDLE EAST
    * JINDAL STAINLESS EXEC: EXPECTING FLATTISH GROWTH IN
VOLUMES IN
JULY-SEPTEMBER
    * JINDAL STAINLESS EXEC: PRICES SEEN MUTED IN SHORT TERM
    * JINDAL STAINLESS EXEC: EXPORTS TO EUROPE EXPECTED TO
IMPROVE
AFTER DECEMBER

Source text for Eikon:  ID: 
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