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How low tariffs have turned India into a dumping ground for aluminium scrap

Aluminium recyclers are happy that scrap is spared any extra customs duty burden

Nalco rides on London Metal Exchange gains, sees room for more price hikes
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Kunal Bose
In the slugfest between the country’s three primary aluminium makers – Vedanta, Hindalco and the National Aluminium Company – and the large number of small and medium secondary metal producers over what ideally should be the import duty on scrap, the government is unwittingly caught in the middle.
 
By now, it has become a ritual ahead of the presentation of the Union Budget for the two contestant groups to demand steep duty hike or further easing of scrap imports depending on where each stands in the two-tier industry where the government as the arbiter has not yet been able