India intends to increase aluminum import duties to curb Chinese supply

by:Zeyi     2021-09-18
On the evening of the 29th, Beijing time, Bloomberg said that India plans to increase tariffs on imported aluminum and zinc to curb cheap supplies mainly from China and protect the interests of domestic metal producers. According to the draft budget for the new fiscal year announced on Monday, the Indian government plans to increase the import tariffs on primary aluminum from 5% to 7.5%, and the import tariffs on other aluminum products from 7.5% to 10%. The import tariffs on zinc alloys will also be increased. Will increase from the current 5% to 7.5%.    Indian Mining Minister Balvinder Kumar said earlier this month that the surge in imports of aluminum is still the most worrying issue, and the Indian government is considering imposing protective tariffs. According to data from the Bureau of Business Statistics and Statistics of the Ministry of Commerce and Industry, in the eight months to the end of November last year, India’s aluminum imports increased by 4.5% to 1.13 million tons.
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