India imposes 5-year anti-dumping duties on Chinese aluminium foil imports as domestic producers push for market resilience
The Indian government has taken a bold step by implementing five-year anti-dumping duties on aluminium foil from Russia, China and Taiwan. The duties are imposed under the finding of unfair trade practices that are poised to hurt the domestic industries, following the Indian aluminium extrusion industry’s demand to implement safeguard measures to protect the underutilised domestic units from potential overdumping by Free Trade Agreement countries. With the anti-dumping duties for the next five years, where is the Indian aluminium foil industry heading?
Image source: iasgyan.in
Back in March 2024, India launched a probe into aluminium foil imports from China to safeguard the interest of the domestic industries. This was initiated in response to the complaint filed by key domestic players like Hindalco, Shyam Sel & Power Ltd. and others.
Unlock full access – sign up for FREE.
Key benefits
Uno Minda to invest INR 210 crore in an aluminium die-casting facility supporting EV powertrain demand and localisation efforts
Next articleHas the inflection point of inventory buildup in social inventory of aluminium ingots already formed? The bullish market sentiment still dominates
Grow with
AL Circle
