aluminium scrap, aluminium sector

India Tops Aluminium Scrap Imports, Challenging Domestic Industry

Asia Manufacturing Review Team | Tuesday, 03 December 2024

 aluminium scrap, aluminium sector

India has emerged as the top global importer of aluminium scrap, a change that obstructs the expansion of its local industry. Industry participants argue that the anti-dumping tariffs on solar panel parts represent a crucial advancement in establishing a competitive and sustainable aluminium sector.

A spokesperson for the Aluminium Association of India, said "We are optimistic of similar measures in the upcoming budget to empower domestic aluminium producers, which will enable them to support the global energy transition and also induce them to invest in added capacity to meet the growing demand."

Given that India's aluminium demand is expected to hit 10 million tonnes by 2030, strong actions like increased import duties and anti-dumping safeguards are essential for the industry's sustained growth. Sure! Please provide the text you would like me to paraphrase.

The Aluminium Association of India (AAI) has expressed approval of the government's choice to levy anti-dumping duties on anodized aluminium frames for solar panels and modules imported from China. AAI asserts that this move will enhance the domestic downstream aluminium industry by providing greater market opportunities and promoting a self-sufficient aluminium sector in India.

The implemented anti-dumping tariffs, valid for five years, seek to limit the arrival of inexpensive imports and promote domestic manufacturing. The alert issued by the Ministry of Finance emphasized that imports from China have severely obstructed the growth of local manufacturing capabilities.


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