The United States’ imposition of import tariff on primary metals including steel and aluminium is likely to hit India’s 10 million tonnes (mt) of metallic scrap import annually.
India imports about 10 mt of ferrous and non-ferrous metal scrap from across the world of which US contributes nearly 20 per cent. With the proposed increase in import duty on primary metals in the US, secondary metal producers in India fear that metal producers would use metallic scrap as raw material in order to prevent costlier import of finished into the country. “More use of scrap ...
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