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


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...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.