As per the industry data and reports in the media, India recorded a 21 per cent increase in aluminium exports in H1 of the current financial year. As per the data, in H1 FY19, aluminium ingots exports reacged 772,000 tonnes, against 638,000 in the corresponding period of FY18.
As per the primary producers, increase in exports have increased due to increased imports and not due to the US-China trade wars. Refuting the claims from Aluminium Secondary Producers Association (ASMA) on primary producers benefitting from US-China trade war, the producers stated that the country’s aluminium exports have slowed by nine per cent after the trade war.
The primary producers have stated that growth in imports is affecting their market share and the US-China trade war has not impacted the primary producers in any positive manner. As per the reports in the media, they have stated that the 10 per cent tariff on import of aluminium products in US is impacting the Indian producers also.