Union Minister of State Piyush Goyal meets representatives from aluminium industry today
Union Minister of State with Independent Charge for Power, Coal, New & Renewable Energy and Mines Piyush Goyal met the representatives from aluminium industry today.
In a tweet, Goyal said, “Met Federation of All India Aluminium Utensils Manufacturers & Aluminium Secondary Manufacturers Association.”
Recently, the Minister had told a media agency in an interview that he is in favour of imposing a Minimum Import Price on the metal to counter dumping of cheap aluminium products.
"My personal view is that an MIP on aluminium products should be imposed as I would like to protect the domestic aluminium industry. There is a strong case that dumping is happening and we need to correct it," Goyal had said.
Meanwhile, the Director General of Safeguards (DGS) is holding a Public Hearing in Safeguard investigation concerning increased imports of “Unwrought Aluminium (Aluminium not alloyed and Aluminium alloys)” into India on September 29, 2016.
{googleAdsense}
In this regard DGS has invited the industry bodies including IEEMA to seek views of the stakeholders on this.
The imports of unwrought aluminium increased from 2,42,533 MT in 2011-12 to 4,32,370 MT till 2015-16 (annualised) recording an increase of 78 per cent. (KNN Bureau)
Europe and U.S Aluminium premiums stable; Japan vulnerable due to supply glut
Next articleAnglesey Aluminium site demolition plans unveiled
Grow with
AL Circle
