Aluminium Sector

Industry body Assocham has sought reduction in basic customs duty and correction of inverted duty structure on critical raw materials for the aluminium industry as high import duties is a huge disadvantage for the sector heavily dependent on imported raw materials. In its pre-Budget memorandum 2023-34, Assocham said high import duty on raw materials results in Indian finished goods getting costlier and uncompetitive in international markets, rendering negative protection against cheaper imports of finished products, and discourages domestic value addition within the country. "The average production cost of Indian aluminium producers is amongst highest in the world, majorly due to high incidence of unrebated Central & State taxes and duties on inputs/ raw materials accounting for 18-20 per cent of aluminium production costs," it said. In a bid to improve the cost structure of the Indian aluminium industry and enhance competitiveness, the basic customs duty on critical raw ...

Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined by 29 per cent YoY in Q2 to Rs 5,743 crore on higher input costs

Lockdowns in China, energy shortages in Europe and tightening interest rates may have an impact on production, leading to lower supply

S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July

Domestic firms had alleged that subsidised imports from Malaysia are causing material injury to them and had requested the imposition of countervailing duties on the imports

In Q4, Novelis reported 15 per cent YoY decline in adjusted EBITDA at $431 million primarily due to short-term operational cost challenges.

The letter has been prompted by a recent adhoc decision by state-run CIL to further curtail road and rake supplies of coal to the non-power sector, without any advance notice

The Aluminium Association of India (AAI) on Wednesday expressed urgent need for at least 5 per cent remission rate for the sector under the tax refund scheme RoDTEP to ensure global competitiveness.

Tata Steel, JSW Steel, SAIL, Jindal Steel and Power (JSPL) all continued their downtrend and are trading 11-19 per cent lower since the end of April

The Aluminium Association of India (AAI), the apex body representing the entire spectrum of the sector, has refuted charges levelled by secondary producers that it was pressuring the government for increasing import duty on aluminium and scrap by giving wrong figures of shipments. The AAI -- which comprises primary producers, downstream manufacturers and R&D organisations -- has claimed to be working in line with 'Make in India' initiative for removing dependency on imports, saving USD 4.5 billion of forex outgo in FY2017-18 outgo. The secondary producers under umbrella body Aluminium Secondary Manufacturers Association (ASMA) and partners Material Recycling Association of India (MRAI) and the All India Non Ferrous Metal Industries Association (AINEMIA) have accused the Aluminium Association of India (AAI) of building pressure on the government to raise duty on aluminium and scrap by giving wrong import figures at the behest of a few key players to promote their business ...

Ancillary and downstream industries have identified as priority sectors in Odisha's IPR, 2015

Aluminium sector is facing dumping of products from countries like China