Outokumpu has announced that it may revive plans to invest around Rs 300 crore in India as the commerce ministry has decided not to levy anti-dumping duties on imports of certain products of the alloy steel. In April, the government had imposed a duty across stainless steel categories of between USD 12.74 per tonne and USD 2200 per tonne. The duty is imposed on steel coming to India from a host of countries including China (the largest exporter), US and Europe. Now, duty has been exempted for products below 600mm thickness and those above 1250mm.
