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Trump Trade war - India may raise duties on aluminum imports

Metal News - Published on Fri, 21 Sep 2018

Image Source: ThePrint
The Print In reported that Indian government is looking to protect domestic aluminium producers through a series of measures amid fears that they could suffer collateral damage in the global trade wars. The measures could include an increase in import duty on the metal as the country has witnessed an 18-20 per cent jump in imports of scraps and finished aluminum products in the first quarter of the current fiscal compared to the same period in 2017-18.

Aluminium imports rose to 5,49,000 tonnes in the April-June quarter this year compared to 4,65,000 tonnes in the year-ago period. A large chunk of the imports was from Malaysia and some Middle-East countries, which typically export to China.

Experts said that these countries have started “dumping” the metal in India due to the trade war between China and the US. While China has imposed a 25 per cent duty on aluminium scrap from the US, the US has imposed a 10 per cent tariff on the metal, effective from 23 March.

Source :

Posted By : Rabi Wangkhem on Fri, 21 Sep 2018
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