AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
HPCL Brings Energy Leaders, Researchers and Startups Together at IISc Bengaluru to Accelerate energy Innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
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Kochi Metro's 23 ferries featuring aluminium hull to go live by December
According to a report, India’s first water metro rail project with about 23 ferries as part of project’s first phase, featuring steel body and aluminium hull, is expected to go live by December 2019. The news came after Kochi Metro Rail Corporation (KMRL) officially said at a press conference. The...
Indian aluminium producers fear earnings drop due to falling aluminium prices
With the international aluminium price hovering at 20-month low, the earnings outlook for the domestic aluminium producers are at a risk and is banking heavily on import duty hike. Currently the three months LME aluminium prices are at US$ 1846 per tonne, much lower than what analysts had...
India's aluminium scraps import increases 22% in April-October FY2018-2019
Aluminium scraps import by India increased by 22.3 per cent during April-October period of financial year 2018-2019, according to data from the Aluminium Association of India (AAI). India imported 7, 73,000 tonnes of aluminium scrap during April-October, from 6,32, 000 tonnes during the same period...
ASMA files a petition in the Commerce Ministry against hiking import duty on aluminium and scrap
Aluminium Secondary Manufacturers Association (ASMA) had a meeting today, on 28 December, with Suresh Prabhu, the Minister of Commerce and Industry in wake of his media statement that the ministry is in favour of hiking import duty on aluminium. The association has submitted a petition making a...
MSMEs, SMEs to be hurt from government’s import duty hike plan, says MRAI
Sanjay Mehta, President of Material Recycling. Association of India (MRAI) has opposed the proposed increase in import duty on primary aluminium and aluminium scrap from 7.5 per cent and 2.5 per cent to 10 per cent. In a letter addressed to the Union Minister of Commerce and Industry Suresh Prabhu,...
Nalco supports import duty hike on aluminium; projects 8-10% demand growth
Indian aluminium producers applaud the fact that the Indian commerce ministry is in favour of raising the import duty on aluminium to support domestic manufacturers. This could come as big support for domestic manufacturers of aluminium products as the aluminium demand India is currently very...
Commerce ministry supports Indian government’s plan to hike import duty on aluminium
Commerce and Industry Minister Suresh Prabhu said the commerce ministry is in favour of increasing import duties on primary aluminium and aluminium scrap with a view to support local producers, PTI reports. “That is a proposal to protect our domestic industry. The proposal is under examination and...
India yet again defers duty hike on 29 US products till January 31
On Monday, December 17, India yet again deferred enforcing retaliatory duties on 29 imported products from the US worth US$235 million by another 45 days. The implementation of the duty hike has been postponed until January 31, 2019, according to a notification by the finance ministry. In June,...
Vedanta to restrain its alumina imports to 500,000 tonnes by FY21
According to a report, Vedanta Limited is aiming to curb its alumina imports to 500,000 tonnes a year by the financial year 2021. Per the record, the company imports more than two million tonnes of alumina to power its smelters at Jharsuguda and Korba because of having no sufficient captive bauxite...
India’s aluminium foil imports to see a rise in 2018, both in terms of volume and cost
The flexibility of the aluminium to form any shape has made it the most versatile packaging material in the world. A key benefit of using aluminium in the packaging industry is that the aluminium packaging materials can be 100% recycled and reused an infinite number of times. More than 60% of the...
India's Raebareli MCF plans to manufacture its first aluminium shell coaches with speed range of 250 kmph
Indian Railways is on the verge of manufacturing its first aluminium shell coaches with an estimated speed range of 250 kmph. The Modern Coach Factory (MCF) Raebareli is awaiting approval from the Railway Ministry on a proposal to make 500 aluminium coaches. Despite the worldwide use of aluminium...
India's import of aluminium wire up 184% YoY in the period from April - Sept FY 2019
China is the world’s major producer of aluminium wire rod followed by India supplying together about 67% of the global aluminium wire rod usage. India’s share of the global wire rod market is expected to increase from 18% in 2017 to about 23% in 2025. The aluminium wire rods are then used as raw...
India to defer its retaliatory tariffs on US products for the fourth time
India once again is likely to postpone retaliatory tariffs on 29 imported products from the US worth US$235 million to January 31, 2019. This would be the fourth time that India is deferring the duty. A senior government official told Moneycontrol “The implementation of higher import duty is likely...
ALUMINIUM INDIA 2019 and INCAL to demonstrate aluminium market potential in India
Trade Fair and Aluminium Congress will join forces on the Indian market for the first time from 31 January to 2 February, at Bhubaneswar, Odisha, India, when ALUMINIUM INDIA 2019 and INCAL Conference will take place concurrently. A press update from Reeds Exhibition says representatives from the...
Nalco producing Strontium Modified Aluminium Billets as part of product diversification
National Aluminium Company (NALCO), a Navratna CPSE under Ministry of Mines, adds one more feather in its cap by undertaking a product diversification. It is reportedly producing a new product Strontium Modified Aluminium Billets CH-91 grade, which will particularly benefit the end-product...
Daiki Aluminium Industry signs MoU with APEDB for recycled aluminium alloy plant
The Andhra Pradesh Economic Development Board (APEDB) on Thursday, December 6, entered into a Memorandum of Understanding (MoU) with Japan-based Daiki Aluminium Industry to set $30 million (INR 225 crore) aluminium alloy unit with a capacity of 84,000 tonnes per annum. The MoU was signed by APEDB...
Alstom to roll out aluminium trains and double metro coach building capacity in Andhra Pradesh
Alstom India is reportedly aiming to roll out trains made of aluminium, while at the same time, reading to double its metro coach building capacity at a plant in Sri City in Andhra Pradesh in a bid to meet Montreal Metro and Mumbai Metro orders for trains. The news came when Alain Spohr, Managing...
Vedanta and Hindalco hike aluminium ingot prices by 3% after the rise in international aluminium prices
After cutting prices of aluminium ingots seven times in a row, Vedanta Ltd has raised rates of these products by nearly 3% with effect from December 4. After the increase, the price for Vedanta aluminium ingot stands at INR 157,000 (USD 2215) per tonne, up from INR 152,750 (USD 2155) per tonne on...
