Positive for Alpex solar as they are backward integrating aluminium foil
Anti-dumping duty recommended on aluminium foil from China
The level of the provisional anti-dumping duty ranges from $ 653 to $ 873 per metric
tonne depending on the Chinese producer.
The final decision of the recommendation is taken by the Ministry of Finance.
Key Points:
DGTR recommends anti-dumping duties on Chinese aluminium foil.
Domestic producers led by Hindalco complained of unfair trade practices.
Provisional duty ranges from $653 to $873 per metric tonne.
Final decision rests with the Ministry of Finance.
Investigation focused on foil up to 80 microns.
Chinese imports have surged, harming domestic industry.
Previous duties expired in 2022.
Domestic producers have suffered losses due to increased imports.
Imports have captured 30% of the Indian market.
Chinese imports have increased at a much faster rate than domestic demand.
