Aluminium Imports
Budget 2024: MRAI urges govt to remove import duty on aluminium scrap
Ahead of the budget, recycling industry bodyAI has urged the government to remove the import duty on aluminium scrap, saying it will help promote sustainability in the industry. According to the Material Recycling Association of India (MRAI), the recycling process of aluminium scrap emits only 0.3 million tonnes (MT) of Co2 on per tonne of production compared to 14 tonnes of carbon emissions on the production of 1 MT of aluminium through smelters route which involves maintaining of coal-based capacities for power supply. "Among the key challenges faced by the Indian aluminium recycling industry is 2.5 per cent import duty on aluminium scrap. It is a key raw material for aluminium recycling and the government should make it to zero until the quality material (scrap) is available in sufficient quantity in the domestic market,"AI said in a letter to Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman will present the full Union Budget for the financial year 2024-25
 "Budget 2024: MRAI urges govt to remove import duty on aluminium scrap")
New UN sanctions won't hurt our aluminium supply, says Russian firm Rusal
The action is aimed at disrupting Russian export revenue in response to what Moscow calls a "special military operation" in Ukraine. Russia is a major producer of aluminium, copper and nickel
 "New UN sanctions won't hurt our aluminium supply, says Russian firm Rusal")
Comm Min recommends anti-dumping duty on certain aluminium items from China
The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty on certain aluminium products from China to guard domestic manufacturers from cheap imports.
 "Comm Min recommends anti-dumping duty on certain aluminium items from China")
Domestic aluminium cos pitch hard on three levels to counter cheap imports
Producers mistaking scrap imports as primary aluminium imports, says ASMA
 "Domestic aluminium cos pitch hard on three levels to counter cheap imports")
Domestic primary aluminium producers pitch hard to counter cheap imports
Currently, cheap aluminium imports constitute 60 per cent of the country's total lightweight metal consumption
 "Domestic primary aluminium producers pitch hard to counter cheap imports")
Global headwinds, slowing economy shrink Q2 domestic aluminium demand by 6%
In Q1 of FY20, the country's GDP growth touched a six-year low of 5%
 "Global headwinds, slowing economy shrink Q2 domestic aluminium demand by 6%")
Miffed at import surge, aluminium firms want products in RCEP negative list
Inward Aluminium shipments peaked at 2.3 million tonnes in FY19, resulting in forex outgo of $5.5 bn, or 1.1% of country's total imports
 "Miffed at import surge, aluminium firms want products in RCEP negative list")
Increased aluminium imports to hit realisations of domestic producers
Domestic aluminium industry may see double-digit growth in sales this fiscal; Exports provide no relief
 "Increased aluminium imports to hit realisations of domestic producers")
