ALUMINIUM INDIA EXPORTS
Aluminium industry seeks extension of tax benefits for exports
The Aluminium Association of India has requested the government to continue providing export duty benefits for aluminium produced in advance authorisation, export oriented units, and special economic zones. This could potentially benefit the industry by $60 million, helping offset lower overseas realisation and support India's export production amid rising global competition.
India imposes provisional anti-dumping duty on import of Chinese aluminium foil
India has imposed a provisional anti-dumping duty ranging from $619 to $873 per metric tonne on aluminium foil imports from China. This measure will be in effect for six months to mitigate the pressure on domestic producers caused by cheaper Chinese imports, following preliminary findings of material injury.
Aluminium industry seeks extension of benefits under RoDTEP for export units
The Aluminium Association of India (AAI) has appealed to the government to extend the RoDTEP Scheme for aluminium-producing units in SEZs. With nearly 45% of aluminium exports coming from these units, the AAI warns that failure to extend the scheme could harm global competitiveness, lead to job losses, and hinder domestic growth amidst ongoing trade uncertainties.
India’s exports to US may fall 3-3.5% post reciprocal tariffs, diverse exports to offset impact: SBI Research
India's exports to the US may drop by 3-3.5% due to new reciprocal tariffs. However, this impact can be offset by setting higher export targets in manufacturing and services. Additionally, India is pursuing FTAs with the UK, Canada, and the EU to boost trade and leverage digital economy growth, potentially adding $1 trillion to GDP by 2025.
India shouldn't lose sleep over looming US reciprocal tariffs thanks to new routes: SBI
India's exports to the US may drop by 3-3.5% if reciprocal tariffs are imposed, but increased diversification and new trade routes could offset the impact. India is expanding its export base and negotiating multiple Free Trade Agreements to navigate global supply chain shifts.
Steel buyers enter tariff era as ships rerouted, trucks halted
The new 25% tariffs on steel and aluminium disrupted supply chains, escalated costs for companies like Ford, and pushed US businesses to source domestically. Key trade partners express concerns about the wider impacts of these tariffs.
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Comm min assures exporters to protect their interests amid US tariff threat
The commerce ministry reassured domestic exporters, especially in labour-intensive sectors such as leather and textiles, of safeguarding their interests amid US tariff threats.
Piyush Goyal allays exporters’ fears on US reciprocal tariffs, confident of $900 bln exports in FY26
Commerce Minister Piyush Goyal reassured exporters of safeguarding India's interests in the US Bilateral Trade Agreement. He urged against protectionism, encouraged industry input on export-promotion, and discussed measures to counter Chinese dumping. With plans to surpass $800 billion exports, Goyal highlighted ongoing efforts to finalize beneficial trade agreements and ensure market access for Indian goods and services.
Commerce Ministry assures exporters to protect their interests amid US tariff threat
Commerce Minister Piyush Goyal reassured exporters in sectors like leather and textiles regarding US tariff threats during a virtual meeting. Officials highlighted the ongoing bilateral trade agreement talks with the US. Concerns over potential US reciprocal tariffs impacting exports were discussed, along with exploring opportunities arising from the tariff war. Various suggestions to boost exports were also considered.
US tariffs unlikely to dent steel companies as exports share low
The 25% tariffs on US steel and aluminium imports will have a minimal impact on India's steel industry due to its low export volume to the US. However, the higher prices may affect India's $5 billion annual engineering goods exports. The government is taking steps to sustain domestic steel industry profitability amidst the global economic instability.
South Korean steelmakers eye U.S. production, higher-value products as Trump tariffs kick in
South Korean steelmakers POSCO Holdings and Hyundai Steel are exploring new investment options in the U.S. and India in response to increased U.S. tariffs on steel and aluminium imports. The new tariffs, reinstating a 25% duty, impact major exporters, including South Korea. The South Korean government plans support measures for domestic firms' overseas investments.
Ahead of Market: 10 things that will decide stock market action on Wednesday
The Sensex fell 12.85 points to 74,102.32, while Nifty gained 37.60 points to close at 22,497.90. Realty stocks provided support, but IT and private banks dragged. Analysts cite easing valuations, lower crude prices, and upcoming inflation data as key market factors.
Further downgrades in corporate 2025-26 earnings estimates likely: Here are performance forecasts for different industry sectors
Muted revenue growth, narrowing margins and downgrades weighed on companies in December quarter.
Trump's April 2 threat to India may cost $7 billion a year
President Trump announced reciprocal tariffs starting April 2, targeting countries including India, which charges higher tariffs on US goods. The move could impact India's export sectors, possibly leading to $7 billion annual losses. India's trade minister Piyush Goyal is visiting Washington to discuss potential concessions and seek clarity on the reciprocal tariffs.
Indian steel prices may fall as US tariffs reshape alloy's trade, S&P Global says
Indian steel prices are expected to fall sharply due to U.S. import tariffs, potentially redirecting excess supply to India. This may lead to a price correction of about 3,000 rupees per ton. The tariffs disrupt export markets and pressure local steelmakers, possibly delaying full utilization of newly added capacity.
India's small exporters seek import duty cuts to counter US steel, aluminium tariffs
India's small engineering goods exporters advocate for reduced import tariffs on select U.S. goods to secure more favorable trade terms in light of President Trump's new steel and aluminum duties. Exporters fear these tariffs could significantly impact their shipment volumes and costs, necessitating governmental intervention for competitive support.
Reciprocal Tariffs: Trump eyes Apr 2 to 'start making America rich again' while India has a lot to worry about
On Wednesday, US President Donald Trump criticized India, the EU, Mexico, Brazil, and other nations for having unfair trade policies toward the US. He announced that starting April 2, "reciprocal tariffs" would be implemented, meaning the US will impose tariffs equivalent to those charged by other countries. Trump emphasized that this move would generate significant revenue for the US and create jobs, claiming that the country has been taken advantage of for decades but will no longer tolerate it.
How Trump's tariffs could disrupt global cooperation and impact India
Donald Trump’s decision to withdraw from global tax agreements and impose tariffs may hinder trade cooperation. Trump's strategy hopes to boost revenues for corporate tax cuts, raising concerns about economic impact while other countries labour on a global tax deal. The US may adopt unilateral tax measures, challenging countries like India's tax efforts and affecting global trade dynamics.
Amid Trump tariffs turmoil, India is an island of calm. For how long?
US President Donald Trump's tariffs on Canadian, Mexican, and Chinese imports have sparked fears of a global trade war. India's officials are negotiating to lower tariffs on various products to mitigate the impact, as potential US reciprocal tariffs could significantly affect its export sectors.
25% tariff, treatment of Ukraine prove Trump’s bite is worse than his bark; countries likely to retaliate: Swaminathan Aiyar
Swaminathan Aiyar highlights the escalating tension of the trade war initiated by Trump's tariffs on Canada, Mexico, and other nations, predicting retaliation. Europe, tired of Trump's actions, is ready to push back. The global geopolitical crisis and Trump's aggressive stance towards Ukraine suggest prolonged conflict and potential economic consequences for the USA.
India can leverage US tariff threat for mutual reductions: Panagariya
Arvind Panagariya, Chairman of the 16th Finance Commission, suggests India leverage the US threat of reciprocal tariffs to secure mutual tariff reductions, fostering a win-win situation. He warns of the negative consequences of a tariff war. The US-India bilateral trade reached USD 190.08 billion in 2023, with a significant trade surplus for India.
Birla pulls wire, shock pulses through stocks. What's ahead?
UltraTech Cement is entering India's wires and cables sector with a Rs 1,800 cr investment. The move is aimed at strengthening its position as a comprehensive building solutions provider. This entry may cause margin pressure for existing players due to UltraTech's deep pockets and potential competitive pricing.
India-EU trade talks: Tariffs, market access, regulatory clashes in focus
EU leaders are set to urge India to lower tariffs on cars and alcoholic beverages and open up its market during European Commission President Ursula von der Leyen’s visit. Key disagreements include high tariffs on cars, carbon tax, investment protection, and data security. India seeks easier work access for skilled professionals in the EU and recognition as a data-secure country.
Copper prices poised for growth amid electrification and supply challenges: Daan Struyven
The main challenge for iron ore is that we continue to expect China's construction demand to decline as the Chinese property sector is still overbuilt. So, a very differentiated outlook here across the industrial metals with a preference for aluminium and copper.
US tariffs: Tata Steel pitches for safeguard duties on imports
Tata Steel's MD TV Narendran urged for safeguard duties on steel imports to shield the domestic industry from the US tariff hikes' indirect effects. Highlighting recent actions by Vietnam and South Korea, Narendran emphasized the urgency of immediate safeguard duties over anti-dumping measures to protect investment plans. The Indian Steel Association has already requested government intervention.
India has lower exposure to US tariffs than APAC peers: Moody's
Moody's Ratings reports India has lower exposure to US markets compared to other APAC nations. Sectors like food, textiles, and pharmaceuticals face risks. India and the US plan to negotiate reducing import tariffs, potentially reaching a trade deal by 2025. APAC countries are navigating an environment with US tariffs impacting key sectors.
Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
Hindalco Industries plans to invest Rs 15,000 crore in Madhya Pradesh over the next two years, enhancing its footprint in the region. This investment was announced during the Madhya Pradesh Global Investors Summit 2025, with expansions expected to boost local employment and economic growth.
Commodity Talk: Will Trump tariff on steel, aluminium trigger dumping into India? Naveen Mathur of Anand Rathi explains
India is not a major exporter of metals to the US, but any global price shift would surely impact the domestic pricing also. If Chinese producers or the European Union producers divert supplies to other nations, including India, we may see a glut with respect to the oversupply.
Trump tariff worries set gold on course for eighth straight weekly gain
Gold prices remain steady, poised for an eighth consecutive weekly gain due to concerns over U.S. President Trump's tariff plans that could incite trade wars and fuel inflation. Spot gold reached an all-time high of $2,954.69 on Thursday. U.S. Federal Reserve officials are noting rising inflation risks linked to Trump's policies.
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