Finnish steel co may revive India plans

NEW DELHI: Finnish stainless steel major Outokumpu on Sunday said it may revive its plan 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.

“The Indian commerce ministry, in its final recommendations on anti-dumping duty on stainless steel products, has excluded imports of certain grades and sizes of stainless steel items from the list. Thus, we may now look at reviving our plans to set up a service centre in the country,” Outokumpu vice-president for growth markets Kell Hansen said.