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India's Jindal Stainless' products blocked in Antwerp for one year

25 Mar 2023 17:12 reported by Stanley Wang

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India's Jindal Stainless Ltd. (JSL) indicated that there are five Russia-bound containers, which carry around 100 metric tons of stainless steel, have been blocked at the Belgian port of Antwerp for about one year.

The containers were originally delivered in February 2022 through Antwerp but faced sanctions by the EU after the Russia-Ukraine war. According to the JSL's statement, stainless steel was not on the EU's sanctions list and should be cleared for continued shipment.

JSL forecasted that its exports would reach a five-year record high in the next fiscal year due to increasing exports to Russia and expanding markets in South America and the Middle East.

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