India NALCO sees 15 pct duty on China imports

India's state-run National Aluminium Co Ltd (NALCO) <NALU.BO> expects the government to impose a safeguard duty of at least 10 to 15 percent on aluminium coming from China, the company's top official said on Friday.

India's trade secretary, G.K. Pillai, said on Thursday India would impose safeguard duties on Chinese aluminium imports and is probing shipments of other goods, escalating a trade row after China said such moves can hurt bilateral trade ties. "They may fix it at 10 percent, 15 percent or they may fix it higher," C.R. Pradhan, NALCO's chairman, told Reuters by telephone from Bhubaneshwar in the eastern state of Orissa.

China has been a relatively small supplier of aluminium to India, exporting only about 6,000 tonnes of aluminium alloy and 11 tonnes of aluminium last year at a value of just over $15 million, but China's steel mills and aluminium makers rely on India for imported iron ore and alumina.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.