Angered by Washington's refusal to exempt it from new steel and aluminium tariffs, New Delhi decided in June to raise the import tax from August 4 on some US products including almonds, walnuts and apples.
Symbol: ALUMINIUM| Contract: May, 2019| Category: Metal
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Centre deferred for the fourth time retaliatory action against higher import tariffs imposed by the US on steel and aluminium
Delhi decided in June to raise the import tax from August 4 on some US products, including almonds, walnuts and apples.
India said it regarded the US tariffs as "safeguards" under the WTO rules.
US President Donald Trump slapped import tariffs of 25% on steel and 10% on aluminium in March.
While the aluminium major required at least 17,500 MT of coal everyday, it is getting only 13,000 MT from Bharatpur mines of Mahanadi Coalfields Ltd.
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