Hindalco and Vedanta Undeterred by Tariffs as India Delays Retribution Again — Panjiva
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Hindalco and Vedanta Undeterred by Tariffs as India Delays Retribution Again

Ags - Fruit/Veg 151 Ags - Softs 148 Consumer Staples 818 India 563 Materials - Metals/Mining 803 Metals - Aluminum 275 Metals - Steel 548 Tariffs 1878 U.S. 5418

The Indian government has delayed retaliatory duties against U.S. steel and aluminum tariffs for a fourth time, and will now apply them from Mar. 2. While that’s been justified by ongoing trade negotiations there’s been little public sign of their progress. In the meantime Indian seaborne shipments of steel and aluminum have continued to expand with a 10.5% year over year rise in shipments in 4Q 2018. That’s been led by aluminum shippers Hindalco and Vedanta. U.S. exports worth $1.65 billion in the 12 months to Oct. 31 are targeted, with the list led by agricultural ...

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