Outokumpu revive plans for Indian service centre
Finnish stainless steel major Outokumpu on Sunday said it may revive its plan to invest around Rs 300 crore in India as the commerce
ministry has decided not to levy anti-dumping duties on imports of certain products of the alloy steel.
In April, the government had imposed a duty across stainless steel categories of between $12.74 per tonne and $2,200 per tonne. The duty is imposed on steel coming to India from a host of countries including China (the largest exporter), US and Europe. Now, duty has been exempted for producs below 600 mm thickness and those above 1,250 mm.
“The Indian commerce ministry, in its final recommendations on anti-dumping duty on stainless steel products, has excluded imports of certain grades and sizes of stainless steel items from the list. Thus, we may now look at reviving our plans to set up a service centre in the country,” Outokumpu vice-president for growth markets Kell Hansen said
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TO,
KIND ATTN: PURCHASE DEPT.
DEAR SIR,
WE HERE IN INDIA ARE IMPORTER FOR STAINLESS STEEL SHEET,PLATES & COILS
GRADE = 304 & 316L
BEST REGARDS,
SILCO STEEL INDUSTRIES
SANJAY SHAH