Anti-Dumping Duty on Stainless Steel Pipes

08 Nov 2024 CW Team

India has imposed an anti-dumping duty on imported welded stainless steel pipes and tubes to safeguard the domestic steel industry from unfair trade practices. This move aims to prevent the influx of cheap imports that threaten local manufacturers and ensure fair competition in the market. The decision comes after an investigation revealed that these products were being imported at below-market prices, thus causing material harm to India's domestic industry.

The Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, conducted a thorough investigation and determined that the surge in imports of these goods was harming the domestic manufacturers. The anti-dumping duty, effective immediately, will be applicable to specific stainless steel pipes and tubes imported from certain countries. The duty will help to level the playing field for Indian producers, fostering a fair competitive environment.

This action is seen as a crucial step in strengthening India’s steel sector, which has been under pressure from low-cost imports, particularly from countries like China. By imposing the anti-dumping duty, the government intends to protect the interests of Indian manufacturers, boost domestic production, and support the long-term growth of the local steel industry.

The anti-dumping duty is expected to raise the price of the affected imports, thus discouraging further dumping practices and encouraging fair trade. This move will not only assist the domestic manufacturing sector but also contribute to the overall growth of India's industrial landscape.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..