Industry bodies representing stainless steel plants and their suppliers in Haryana, Himachal Pradesh, Rajasthan, Gujarat and the Delhi-like state of Delhi have written to the finance ministry seeking protection from the impact of Chinese imports while calling for a fair competitive environment for competition with them. downstream companies. Prices of Chinese supplies are driving Indian MSMEs into bankruptcy.
Letters have been sent to Revenue Minister Sanjay Malhotra with a copy to the Ministry of Steel requesting restoration of countervailing duties or import duties on such Chinese products.
Stainless Steel Coil 316L 304 Stainless steel roll
Liaocheng Sihe SS Material Co., Ltd. is a supplier of high-quality stainless steel products such as stainless Steel Pipe, stainless steel coils, and stainless steel plate. We sell various types and standards of stainless steel products all over the world at low prices and great quality.
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Product Description
| Product Name | Astm A240 0.5mm SS 409 420 J1 J2 SUS304 304L 310S 321 201 202 904L 2205 2507 Stainless Steel Coil |
| Length | as required |
| Width | 3mm-2500mm or as required |
| Thickness | 0.03mm-300mm or as required |
| Standard | AISI,ASTM,DIN,JIS,GB,JIS,SUS,EN,etc |
| Technique | Hot rolled / cold rolled |
| Surface Treatment | 2B or according to customer requirement |
| Thickness Tolerance | ±0.01mm |
| Material | 201, 202, 301, 302, 303, 304, 304L, 304H, 310S, 316, 316L, 317L, 321,310S 309S, 410, 410S,420, 430, 431, 440A,904L |
| Application | It is widely used in high temperature applications, medical devices, building materials, chemistry, food industry, agriculture, ship components.It also applies to food, beverage packaging, kitchen supplies, trains, aircraft, conveyor belts, vehicles, bolts, nuts, springs, and screen. |
| MOQ | 1 ton , We can accept sample order. |
| Shipment Time | Within 5-7 workdays after receiving deposit |
| Export Packing | Waterproof paper, and steel strip packed.Standard Export Seaworthy Package.Suit for all kinds of transport,or as required |
| Capacity | 250,000 tons/year |
Product Photos
Incidentally, India’s two largest stainless steel producers – Jindal Stainless Steel Limited (JSL) and SAIL (which operates the Salem Steel Plant) – in two separate letters to the Ministry of Finance and the Ministry of Steel, have raised questions about the impact of cheap imports of stainless steel. was raised during the operation.
SAIL cited an investigation by the Directorate General of Trade Remedies (DGTR) and its April 6 recommendations that said the Chinese product in question, known as 200 series, was subsidized and “harmful” resulting in players losing out here . market. The share reaches 20-30%.
Senior Steel Ministry officials have reportedly expressed their willingness to take a position on the issue in an internal report.
A joint representation of four industry bodies said that around 500 MSMEs in stainless steel processing plants in Jodhpur, Ahmedabad, Delhi (NCR) and Jagadhri have invested at least Rs 10,000 crore. However, the letter stated that “due to the influx of heavily subsidized Chinese imported goods, many small, medium and micro enterprises have ceased production and some have even turned to commodity trading.”
These MSMEs are suppliers to the stainless steel industry and cater to areas such as cookware and other household goods. Rolling mills typically roll hot-rolled sheets, and these products are considered to be the products of the induction furnace manufacturer.
Noting that the industry has “negligible profit margins”, the average profit margin for these producers is around Rs 500-2,000 per tonne, equivalent to 0.5-2% of the product price.
On the other hand, a second group of industry bodies representing stainless steel industry suppliers from Gujarat, Delhi and Himachal Pradesh, known as induction furnace manufacturers, noted in a letter that capacity utilization in the sector is 40-50% lower. From FY18 to FY23, the sector lost 214,000 tonnes of output due to imports and some of its players also went out of business.
According to the report, China’s market share was 10-15% in FY 2021, which increased to 25-30% in FY 2023. Imported products in this category are 30-40% cheaper.
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Post time: Sep-10-2023