Jindal Stainless awaits clarity on impact of Trump’s fresh tariffs

The stainless steel maker primarily exports to Europe and the United States, but is now expanding into Japan, Southeast Asia and the Middle East to offset declining volumes amid weak demand and geopolitical uncertainties. In Q3FY25, exports contributed only 8 per cent of the company's sales. "Even now, Indian exports are subjected to 25% tariffs under Section 232. However, there is a mechanism in place wherein importers can file for exclusion. Based on the strategic pact signed between India and USA, up to 70% of the exclusion requests are to be considered favourably by the US government. As regards the announcement made yesterday, the industry waits for more clarity in terms of the coverage of tariffs with respect to product line, countries and the situation with respect to the already existing tariffs of 25% on steel, under Section 232," said Abhyuday Jindal, the managing director of