Mexico and Argentina take different AD actions on Chinese aluminium products
Mexico and Argentina are moving in different directions on aluminium imports from China. Mexico has imposed a new anti-dumping duty on aluminium bars, rods and profiles, while Argentina has dropped its existing anti-dumping order on certain aluminium tubes. Mexico has issued an anti-dumping duty...
US industrial policy needs to be systematic, not just ad hoc – Part 1
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is...
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No ‘promises’ from Government of India on import duty hike on aluminium
The Government of India has yet again refrained from giving any assurance to the domestic aluminium industry on its demand for an import duty hike. For the second time in a little over a month, on Thursday the top officials of aluminium majors BALCO, Hindalco, Vedanta Ltd and others, under the...
Indian aluminium industry may resort to production cuts, layoffs
Facing the double whammy of plummeting prices and subdued capacity utilisation, the domestic aluminum industry hinted at resorting to production cuts and retrenchment if the government does not raise import duty to 10% immediately from 5% to protect the home turf from rising imports. “The domestic...
Raising import duty on aluminium products 'tricky': India Mines Ministry
The government of India said the demand by primary producers to raise import duty is a "tricky" case as the move will help the bigger players -- Hindalco, Balco, Nalco and Vedanta -- but may hurt smaller firms that import scrap. The Ministry is reviewing the case for increasing import duty on...
Aluminium producers to meet PMO to press for import duty hike
Indian aluminium producers such as Vedanta and Hindalco will meet officials at the Prime Minister's Office and policy think tank NITI Aayog this week to press for higher import duty on aluminium in the face of falling global prices. The domestic industry leaders will meet the mines secretary on...
India raises import duty on aluminium by 2.5 per cent
Government of India has raised basic customs duty on base metals by 2.5 per cent. The decision was taken after Finance Minister Arun Jaitley approached Parliament seeking the revision for specified goods falling under Chapter 72. Under the Central Board of Excise and Customs ( CBEC), this pertains...
Aluminum foil imports from Russia to the EU to be subjected to anti-dumping tax
Aluminum foil, imported from Russia to countries in the EU, will be subject to a provisional anti-dumping duty, according to the Official Journal of the European Union. The 34% tax will cover imports of foil rolls, originating in Russia, of a weight exceeding 10kg, with a thickness of the sheets of...
India's Mines Ministry agrees on doubling of aluminium import tax
The Mines Ministry of India, after being approached by AAI and leading aluminium makers of the country last week, has agreed on the issue of increasing import tax on aluminium. The Ministry will ask its counterparts in the government’s finance department to double the import tax to counter cheap...
Aluminium firms seek increase in import duty
Forced to operate their plants at nearly half the capacity due to burgeoning imports from China, aluminium companies on Thursday urged the government to raise import duty on aluminium metal scrap and the metal itself to 10% from 2.5% and 5%, respectively. In a presentation to the mines ministry,...
Alcoa claims Chinese semi-finished aluminum exports misrepresented
As always, Thomson Reuters' Andy Home turns out some excellent commentary backed by solid statistics. In a recent article, he reviews comments made by Alcoa Inc's Klaus Kleinfeld about China’s primary aluminum production leaking out of the country under the cover of the burgeoning export trade in...
Aluminium Association of India (AAI) meets government, seeks 10% import duty on Chinese imports
The Aluminium Association of India (AAI), the industry body of Indian aluminium producers, met the Secretary, Ministry of Mines and Chairman of Central Board of Excise and Customs on Thursday, seeking government action to protect the cheap imports and crushing meltdown in global prices by imposing...
Industry demands import duty hike on aluminium metal, scrap
To protect the interest of homegrown companies from rising imports of aluminium metal and its scrap, the aluminium industry has demanded that the Centre increase import duty on these products. As per statistics of Aluminium Association of India, Indian Aluminium Industry has seen a huge surge in...
Rusal may sell Armenia-produced aluminum in Europe
Russian UC Rusal, the world's largest aluminum producing company, is able to restructure its logistics in order to sell in Europe the foil produced by its Armenian subsidiary ArmenAl if the European Commission moves to set a 34% duty on imports of Russian aluminum , head of Rusal packaging...
European Union imposes anti-dumping duties on Russian aluminium foil
The European Union will impose anti-dumping duties on imports of Russian aluminium foil after an initial investigation showed the product was sold in the 28-nation EU at below normal market prices, the EU's Official Journal said on Saturday. It said a provisional anti-dumping duty of 12.2 per cent...
Rusal expects China to keep export tariff on raw aluminum
China is unlikely to relax its tariff policy on the export of raw aluminum, according to United Company Rusal Plc. Rusal chief executive Vladislav Soloviev said China wants to discourage the export of raw aluminum but has reduced tariffs on value-added downstream products of the metal, the Hong...
Russia's Rusal, consumers propose import tax on aluminium products
Russian aluminium maker Rusal and several of its domestic consumers have proposed a tax on imports of products containing aluminium, such as wheel disks, Vedomosti newspaper reported on Thursday. Rusal, along with a number of state firms including defence conglomerate Rostec, United Aircraft Corp...
Five aluminum smelters in Inner Mongolia not subject to tiered power tariffs
Five aluminum smelters in Inner Mongolia will not be subject to tiered power tariffs since their alternate current power consumption per tonne of aluminum liquid produced is below 13,700 Kwh, local media reported. These five smelters are: Inner Mongolia HMHJ Aluminum & Electricity Co., China Power...
Indian aluminium producers ask for government intervention against “Chinese dumping”
Indian aluminium companies have raised an alarm demanding quick action from the government to put a stop to “Chinese dumping” which is affecting their business adversely, industry leaders say. Hindalco’s managing director D Bhattacharya says that since the Chinese GDP growth rate has slowed and has...
Centre recommends imposition of anti-dumping duty on ‘cast aluminium alloy wheels’
Aluminium alloys industry is set to grow along with India’s automotive sector. India is currently the second largest two-wheel motorized vehicle producer in the world and the seventh-largest automaker. The Government of India has recommended imposition of anti-dumping duty on ‘cast aluminium alloy...
