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 145 Ags - Softs 143 Consumer Staples 805 India 551 Materials - Metals/Mining 792 Metals - Aluminum 270 Metals - Steel 543 Tariffs 1866 U.S. 5399

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 products including al...

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