It was reported that aluminum industry was the world largest non-ferrous metal industry. The usage amount was surpassed only by that of the steel. The aluminum industry is supporting Indian economy and major contributor for national building.
In India, the current demand of aluminum is rapidly growing by 10% annually. However, the imported scrap of aluminum is constituting 57% of total aluminum imports. Actually, the imported aluminum increased by 22% from the April to November of fiscal year 2018-19, which is bearing the domestic aluminum industry.
Indian government needed to encourage the domestic producers to create self-sufficiency to satisfy the increasing demands, and reduce the dependent on imports.
Indian aluminum imports increase by 22% in Apr-Nov of FY18-19
23 Jan 2019 15:59 reported by Margaret Yeh
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