China's stainless steel exports will not be affected by India's tax cancellation

In this regard, market participants will increase the export price of the advantage of India's stainless steel, and accordingly, the export to European and American markets will also increase. However, due to the high trade barriers imposed by European and American countries, India's lifting of export duties on stainless steel products will have little impact on China's stainless steel export market.

Since the imposition of export duties in May of this year, China's stainless steel exports to India have decreased slightly, but the volume is still high.