Mar 23, 2020
Indonesia Starts Anti-Dumping Probe over HRC Imports from China
2020-04-13
Reuters reported that Indonesia has launched an anti-dumping probe into imports of some hot rolled coil steel from China after a complaint by a state-controlled steelmaker PT Krakatau Steel. Indonesian Trade Ministry official Bachrul Chairi said "The Indonesian Trade Security Committee has been conducting an anti-dumping investigation which began on March 9 on imports of hot rolled coil of other alloy steel products originating from China.”
He added “Indonesia's top steel producer had put forward enough evidence for the committee to initiate an investigation, including allegations that the company is suffering losses due to imports of the product from China.”
Indonesian business groups last year urged the government to hike tariffs on Chinese steel to rein in cheap imports, after Krakatau said it has to restructure and lay off 30 per cent of its workers through 2020.
He added “Indonesia's top steel producer had put forward enough evidence for the committee to initiate an investigation, including allegations that the company is suffering losses due to imports of the product from China.”
Indonesian business groups last year urged the government to hike tariffs on Chinese steel to rein in cheap imports, after Krakatau said it has to restructure and lay off 30 per cent of its workers through 2020.
Source: Steel Guru
