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imports from China: Congress slams govt over impact of Chinese imports on Gujarat steel MSMEs

Congress general secretary Jairam Ramesh shared the media report on X which quoted Indian Stainless Steel Development Association (ISSDA) president Rajamani Krishnamurti as saying that Indian stainless steel players are bearing the brunt of heavy influx of cheaper Chinese imports, causing almost 30-35 per cent of medium and small businesses in Gujarat to shut shop between July-September last year.

Cong slams govt over impact of Chinese imports on Gujarat steel MSMEs

Cong slams govt over impact of Chinese imports on Gujarat steel MSMEs
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Gujarat: Around 30% stainless steel sector shut shop over Chinese imports

Ramesh shared the media report on X which quoted Indian Stainless Steel Development Association (ISSDA) president Rajamani Krishnamurti.

Almost 35% of stainless steel MSMEs in Gujarat shut shop in Q2 FY24 due to Chinese dumping: ISSDA Chief

Cheaper Chinese imports are putting pressure on the margins of domestic stainless steel players, causing the industry to file a petition last year urging the government to impose a countervailing duty on Chinese stainless steel imports.

Corrosion leads to losses worth USD 110 billion in India annually: ISSDA

Losses worth USD 110 billion occur every year in India due to corrosion in projects across sectors, industry body ISSDA said on Friday. As India moves towards a USD 5 trillion economy goal, dealing with a challenge like corrosion in projects should be a key focus area, Rajamani Krishnamurti, president of Indian Stainless Steel Development Association (ISSDA) said.

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