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 82 Ags - Softs 82 Cons. Staples - Food/Beverages 397 India 284 Materials - Metals/Mining 482 Metals - Aluminum 159 Metals - Steel 360 Tariffs 1170 U.S. 3301

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 pro...

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