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22-Oct2018

India's aluminium scrap import rises 21% to 6,57,000 tonnes in H1FY19: AAI

Industry body Aluminium Association of India (AAI) has indicated that India's aluminium scrap import rose 21.44 percent to 6,57,000 tonnes during April-September period of financial year 2018-19 (H1FY19). It noted that aluminium scrap import had stood at 541,000 tonne during H1FY18. In July, it had urged the government to increase the duty on imports of aluminium scrap as the domestic sector may become victim of escalating trade war between the US and China.

The association has showed that in the first quarter of 2018-19 financial year ending June 30, aluminium scrap import was at 3,12,000 tonnes, up 24 percent from 2,51,000 tonnes in the April-June quarter of 2017-18 fiscal.  It also noted that the import of aluminium scrap grew 19 percent to 3,45,000 tonnes during the quarter ended September, from 2,90,000 tonne in the year-ago-period.

AAI further said that the government must take immediate steps to restrict the import of low quality scrap. It is a major threat posing the industry. It pointed out that aluminium is required by the industries like automobile, construction, consumer goods, etc which are on a growth trajectory in India. It noted that one can imagine the life of the products which is made up of substandard raw material. It said “We have suggested an increase in the duty to 10 per cent on scrap from the current 2.5 per cent. We also want quantitative restrictions to be put in place.” It has also been demanding an increase in import duty on primary aluminium to 10 percent from current 7.5 percent.


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