Appalled at the rising tide of aluminium scrap imports and its bizarre applications, the domestic aluminium producers are working in collaboration with planning think-tank Niti Aayog and Bureau of Indian Standards (BIS) to evolve standards for scrap usage.
Imports of aluminium scrap into India are growing unabated, helped by a benign duty of 2.5 per cent and fuelled by US-China trade tensions. With European Union (EU) clamping stern norms and China tightening its scrap imports rules, more material is getting diverted to the Indian markets.
“Scrap imports in this fiscal have moved up eight per cent during the June quarter.