Automobile\, construction push up scrap aluminium imports


Automobile, construction push up scrap aluminium imports

Aluminium

Amid strong demand, there has been a large scale dumping of scrap aluminium with the industry asking the government to hike duty on such imports, the Aluminium Association of India (AAI) said in a statement

21.44% – Jump in aluminium scrap imports

6.57 lakh tonne – Scrap aluminium imported during first half of current fiscal

5.41 lakh tonne – Scrap aluminium imported during Apr-Sep period in FY18

4 mt per annum – Domestic aluminium making capacity

3.6 mt – Domestic consumption of aluminium

3.12 lakh tonne – Imports during first quarter of current fiscal

3.45 lakh tonne – Imports during the quarter ended September

10% – Increase in duty on scrap imports suggested against current 2.5%

Aluminium is required by industries like automobile, construction, consumer goods, etc. which are on a growth trajectory in India. One can imagine the life of the products which is made up of substandard raw materialAn AAI official said in the statement

Next story