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AAI demands higher import duty on aluminium scrap

Press Trust of India  |  New Delhi 

(AAI) has urged the government to increase the duty on imports of as the domestic sector may become victim of escalating trade war between the US and

The statement comes in the wake of imposing 25 per cent duties on USD 34 billion of imports from

The association said an estimated 30 per cent of China's imports come from the US. And recently has announced its intent of imposing 25 per cent import duty on the from

"The import duty in on aluminium is currently only at 2.5 per cent, thereby making it a viable alternative for US exports," the body said, adding that as a precautionary measure it wants the duty on both aluminium scrap and primary to be raised to 10 per cent.

In this regard, a delegation of the association met (DIPP) recently and apprised him about the situation which could arise in future.

Aluminium is required by the industries like automobile, construction, consumer goods etc.

All these industries are growing in and the country is producing sufficient amount of required domestically, AAI said.

"We have a capacity of 4 million tonnes per annum(MTPA) and our consumption is 3.6 MT which we are producing. So, what will be the situation in the market when import will start increasing. It will ruin the domestic aluminum industry," the association added.

is the apex body representing the entire spectrum of industry primary producers, downstream manufacturers, endusers, R&D organisations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 17:35 IST