KEY CONTEXT
Local demand for stainless steel — used in transport, construction, appliances and industrial goods — stayed firm in the July-September quarter, buoyed by strong manufacturing activity, infrastructure rollout and steady government spending.
The company said in August that the launch of an anti-dumping investigation by the government into cheap stainless steel imports had been delayed due to trade uncertainty stemming from U.S. tariffs on Indian goods.
Analysts said that Jindal Stainless stands to gain the most from a potential anti-dumping duty on cold-rolled stainless steel flat imports from China, Indonesia and Vietnam.
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