Page 5 - Aluminium

Aluminium consumption to tilt towards construction, packaging sectors

Aluminium consumption pattern in the country is set to shift to emerging sectors like construction, transportation and packaging in the future. Currently, electrical segment boasts of the highest share in aluminium usage with 37 per cent. This is contrast to the world average where electrical makes up only 14 per cent of the overall aluminium use whereas transportation and construction lead with 26 per cent share each.Aluminium producers feel higher CAGR (compounded annual growth rate) in sectors such as transportation, construction and packaging will drive aluminium consumption. Transportation sector is projected to log CAGR growth of eight per cent, while construction and packaging will grow at seven per cent each during 2016-21.The Government of India's thrust on indigenous manufacturing through 'Make in India', development of the planned Smart Cities and the switch to the GST (Goods & Services Tax) is expected to boost aluminium consumption in the years ahead. The caveats, the

Govt may impose anti-dumping duty on aluminium products

India's import duty rate of 7.5% is relatively lower than most countries

FinMin considering imposing MIP on aluminium imports

Chief executives of domestic manufacturers met Arun Jaitley, with their demand for protection from cheaper imports

Hindalco, Balco feel pressure due to cheap imports

Cheap aluminium imports are eating up nearly 50 per cent of the total domestic cosumption

Innovation, CAFE norms can boost aluminium use in automotives: Analysts

While small cars use 140 kg aluminium on average in developed markets, consumption in India is only 40 kg

Aluminium demand to touch five mn tonnes by 2020

Power, auto sectors and 'Make in India' drive to fuel growth

Aluminium makers gear up to counter China's share in downstream business

Imports of aluminium and finished products by India has risen from 0.88 mt in FY11 to 1.67 mt in FY16

China's aluminium output data fail to carry conviction

As floods of cheap Chinese imports have led to smelting capacity withering in many parts of the world, the truncated industry in the US is lobbying the Obama Administration to take steps that will force Beijing to cut output

Aluminium firms await respite

Proposed safeguard duty will have limited benefits for majors here; prospects hinge on upside in prices

Aluminium down 0.2% on muted demand

Metal for delivery in May contracts fell by a similar margin to trade at Rs 1120.20 per kg in 52 lots

Aluminium strengthens on increased demand

Traders said increased demand from consuming industries and reports of a firm trend in its prices in Asian region kept aluminium prices higher

Goldman Sachs sees aluminium price slide as China ups exports

Analysts say a short-term mismatch in supply and demand may help support aluminium price recovery