Page 2 - Aluminium Import

Metals sector eyes recovery as prices rise after scraping the bottom

Steel, iron ore firms gain pricing power, hope for demand revival in base metals

Aluminium scrap imports up 6.5% despite 13% slump in auto production

Industry claims imports made in auto sector's name being diverted to other areas such as electrical transmission and utensils

Depressed alumina prices have mixed impact on domestic firms, Vedanta gains

Nalco loses heavily while there is no direct impact on Hindalco

Vedanta cuts aluminium making cost by 10% to $1,852 a tonne in Q2

Firm aims to achieve Rs 1,500 a tonne; LME prices of metal stood at $1,756 a tonne as on November 14. At this price point, 10% of the global smelters are incurring cash losses

Corporation tax rate cut to help Nalco tide over sagging alumina prices

The sobering of global alumina prices and stablisation in supplies have made it very difficult for Nalco to sustain the high profit momentum of last fiscal

Flagging consumption and import surge hurt India's aluminium producers

Sales of aluminium companies fell by 10.8 per cent in the period as imports lead market.

Vedanta to export over 50% of aluminium as India increases imports

The company is also focused on strong growth of the domestic market

Govt mulls duty hike on aluminium after industry raises alarm over dumping

The industry has also urged the government to consider imposing minimum import price and some kind of quota on the imports for the user industry