Domestic aluminium firms differ on protective steps to curb rising imports

The secondary aluminium players see no change in their business situation at least in the near term

With imports of finished aluminium products having risen over 50 per cent year-to-date, the micro, small and medium enterprises (MSME) segment is witnessing sharp margin contraction and slim hope for change in situation for the next six months.

“Margins of MSME players have dropped to 2-3 per cent, from 8-10 per cent, as the surge in finished goods is eating into our business,” Anil Agarwal, patron, Aluminium Secondary Manufacturers Association, told Business Standard.

The trade war between the US and China has led to the dumping of aluminium finished products into India from both these countries along with countries India