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You are at:Home » Why is Hindarkou stumbled on Trump’s 25% aluminum fee?
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Why is Hindarkou stumbled on Trump’s 25% aluminum fee?

Adnan MaharBy Adnan MaharFebruary 14, 2025No Comments3 Mins Read0 Views
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Mumbai: President Donald Trump’s 25% tariff on US aluminum has almost neutral impact on Hindark Ko Industries Limited and its American unit novels, according to managing director Satish Pai. Sho.

Novelis uses scrap aluminum and virgin aluminum as inputs, which are processed into flat roll sheets used in industries ranging from drinks to aerospace. The company passes the cost of aluminum to consumers after adding margins, Pie said.

“Metal prices are Novelis’ pass-through. Pai told Mint on Friday.

India’s second largest metal producer, Hindelco focuses on aluminum sales in local markets, with little exposure to the US and protecting it from the negative effects of new tariffs.

The US will collect 25% tariffs on all steel and aluminum imports starting March 12th.

“This news has been announced for a long time, and LMEs continue at the $2,600 level, so I don’t think LME prices around the world will have much of an impact,” Pai said. LME refers to the London Metal Exchange, where the cash price of aluminum exceeds approximately $2,600 in metric tons.

Stick to display

Pie stuck to his view that the new Trump administration in the US would be positive for Govelis’ business. He said the company’s domestic manufacturing plan in the US is consistent with Trump’s demand for more manufacturing in the country.

The company plans to list Back Burner in the US for at least the next year, Pai said.

Pai said the company’s financial performance in the fourth quarter will be a successive improvement in the third quarter. This is because the novel’s performance will also improve from its third quarter lows, as it is expected that Hindelco’s record performance will continue due to rising aluminum prices. Novelis suffered from high aluminum scrap prices in the third quarter and narrowed its margins.

“There should be a good Q4 for Indian businesses too,” Pai said. “So if FY25 is good and LME prices continue, I think we’ll hold – FY26 should be a good year for Indian operations too.”

In the quarter ended December 31, Hindalco upstream aluminum business, which produces aluminum metals, reported a record EBITDA of £4,222 crores. This was three-quarters of the same period last year. Aluminum Downstream Business, which sells value-added aluminum, reported EBITDA of £150 crores, which was about 39% higher than last year.

Novelis Q3 EBITDA has been reduced by 18% year-on-year £3,097 crores.

In India, Hindalco is investing in prisoner-of-war coal mines to reduce exposure to market fluctuations in coal prices. Approximately one-tenth of the coal requirements have been met from the breeding mine, and Pai, with numbers he expects to reach a maximum of 90-100% by 2028 as he operates new mines Jharkhand and Odisha. There was, Pai said.



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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