12Bhubaneswar: Indian aluminium producers have downplayed concerns over the effect of US tariff hike up to 25% on imports, with companies reorienting their exports to tariff-free destinations like the UK while simultaneously strengthening their presence in the domestic market.Nalco ruled out any adverse fallout from the tariff hike, stressing that its business strategy has already pivoted towards the UK, where aluminium exports face zero duty.
"The US tariff revision will not affect Nalco's business.
On the contrary, we see significant potential in the UK, which provides a duty-free window for aluminium," said Nalco CMD Brijendra Pratap Singh.Vedanta Aluminium, one of India's largest producers, also indicated minimal exposure to the US market.
"Aluminium exports to the US comprise less than 3% of our sales mix.
Rising infrastructure push, renewable energy expansion and defence manufacturing are expected to absorb much of the domestic aluminium production.President of Utkal Chamber of Commerce and Industries, Prabodh Mohanty, said that while seafood exports may face setbacks, steel and aluminium sectors will remain largely unaffected, with opportunities to explore new markets, including domestic ones.