Indian aluminum industry seeks government intervention to curb scrap aluminum imports
- Time of issue:2020-12-08 18:19:41
- Views:
Indian aluminum industry seeks government intervention to curb scrap aluminum imports
- Time of issue:2020-12-08 18:19
- Views:
The Indian aluminum industry is dissatisfied with the preferential treatment enjoyed by steel producers. Rahul Sharma, vice president of the Indian Aluminum Association, said that over the years, thanks to government regulation, India’s steel imports have dropped by 21%. In addition to guaranteeing duties, the government has also implemented MIP (minimum import price) and anti-dumping duties. At present, the steel industry is developing well, but for the aluminum industry, the government has not intervened. Steel is the core metal, but aluminum, as a strategic metal, is also vital to the country’s safety and electrical aspects.
Sharma also expressed concern about the continued growth of scrap aluminum imports. Since the United States announced a 10% tariff on imported aluminum in March last year, and China imposed a 25% tariff on aluminum scrap imported from the United States, India has become its most popular Dumping ground for scrap aluminum. According to statistics, from January to March, India has replaced China as the largest aluminum scrap importer.
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