Steel News

We strive to let you one step ahead of the market.

GSSE: India's stainless steel demand to grow by 19.5%-21% in FY22

19 Apr 2022 16:39 reported by Ana Lee

A A A
The three-day Global Stainless Steel Expo (GSSE) 2022 kicked off last Tuesday at the Jio World Convention Centre in Mumbai. This was the first stainless steel event in the world organized to promote the interests of the stainless steel industry.

A report indicated that the demand for stainless steel in the fiscal year 2022 was expected to increase by 19.5%-21% to 3.7-3.9 million tons, due to a low base, a stable macroeconomic environment, and the normalization of government spending.

According to Managing Director at Jindal Stainless Abhyuday Jindal, the ministry has taken various measures to promote the steel industry, such as the introduction of the National Steel Policy 2017, which focuses on scrap recycling, quality control orders, and so on.

K K Pahuja, President of the Indian Stainless Steel Development Association, said the stainless steel industry is committed to playing a role in nation-building, providing sustainable solutions to various sectors.

Back to Steel News

Related News

Tang Eng takes individual negotiation for Oct prices again

  • Stainless steel
  • 28 Sep 2023 15:56

Aperam raises European stainless steel alloy surcharges for Oct

  • Stainless steel
  • 28 Sep 2023 15:47

EAEU extends validity of AD measure on stainless steel seamless pipes from China, Malaysia

  • Stainless steel
  • 27 Sep 2023 16:57

Yusco maintains stainless steel prices for Oct

  • Stainless steel
  • 27 Sep 2023 16:12

400 series stainless steel price in Chinese market stable & slightly rising

  • Stainless steel
  • 27 Sep 2023 15:47

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,559.00
  • 2,578.50
  • Aluminum
  • 2,231.50
  • 2,263.00
  • Copper
  • 8,111.50
  • 8,168.00
  • Nickel
  • 18,600.00
  • 18,850.00

Learn more

Coil Exchange Center

  • 2B Coil-Nov
  • 2,710
  • 2,570
  • NO1 Coil-Nov
  • 2,680
  • 2,540
  • 2B Coil-Nov
  • 2,710
  • 2,570
  • NO1 Coil-Nov
  • 2,680
  • 2,540

Learn more