Jindal Stainless is discussing the possibility of anti-dumping duties on cheap imports with the government. These might soon be in place.

“ .. the government is definitely receptive to the fact that, globally, there is a lot of protectionism going on. India as a country is relatively open and growing. So there is definitely threat to injury. And one thing that we discussed and with our data and everything, that safeguard was not the right step to take for stainless steel. It is short-term in nature, and the data was not supporting a safeguard implementation. So now what we are working with the government is actually on anti-dumping duty for stainless steel, where according to them, they are quite confident that this can sail through…”

“… So hopefully, within end of this month, we should apply. ”

— Abhyuday Jindal, Managing Director

Jindal Stainless announces an interesting investment — in M1Xchange, a TReDS platform.

“ I'm also happy to share that we have acquired a 9.62% stake in M1Xchange. This is India's leading RBI licensed TReDS [Trade Receivables Discounting System] platform. This investment is expected to create strong synergies by digitizing the supply chain ecosystem and reducing the working capital cycle, paving the way for cheaper credit access for our entire global value chain, including the deep tier channels. ”

— Abhyuday Jindal, Managing Director

And later:

“ So this is actually a very interesting, and a very good, step taken by us. The basic idea is to reduce our working capital burden by providing more credit to our customers — not directly, but through this platform. So that was the basic idea: to get closer to larger customers, and larger supplier base also — directly to the source of supply, and provide this facility to them so that we get some benefit in terms of pricing. Also, we are able to expand our reach. So we are quite bullish and quite excited about this investment. ”

— Abhyuday Jindal, Managing Director

Jindal Stainless is of the view that the Trump tariffs are actually beneficial, as they bring many other countries at par with us — whereas India was previously singled out for a 25% tariff.

“ The way we see things, globally, things are settling down. The export market also — we can see, in fact, that now, we are finding ourselves in a better position. With the clarity of the so-called 'Trump tariff' situation, we are finding that, as a country, we are now in a better position.”

“Earlier, our competing countries — like South Korea, Japan, the EU — they were not having that 25% tariff which India was facing. But now, all of us are having the same tariff, and that is also helping us in increasing our volumes and gaining a better share in the American market. Even in Europe, we see some better action. ”

— Tarun Khulbe, CEO