Mecon recommends minimum import price

Mecon has recommended imposing safeguard import duty or minimum import price (MIP) on primary aluminium products. As per the industry body´s representation to the government, China - the world´s largest producer and consumer of metals including aluminium - is dumping large volumes of aluminium amid weak demand in the country. The domestic aluminium industry argues that primary aluminium producers have incurred huge losses of Rs 4,025 crore in 2015-16, substantially higher than Rs 1,480 crore loss in 2014-15. Contact: Mecon. Tel: 0651-248 3000. Website: www.meconlimited.co.in