China will in July embark on a major step to curb imports of aluminium scrap. In a protectionist move, China, the biggest producer cum exporter of aluminium, plans to classify aluminium under 'Restrictive Imports List', a prelude to banning scrap imports by 2020.
China's revised import priorities have rattled Indian aluminium producers. They feel with China headed for a blanket ban and its festering trade conflict with US would translate into heightened dumping of aluminium scrap into India.
The Free Trade Agreements (FTAs) inked with ASEAN nations and low import duty of 2.5 per cent on aluminium scrap makes India