Illustrative image (Source: Xinhua/ VNA) Jakarta (VNA) - Indonesia’s Anti-Dumping Committee (KADI) has found indications of dumping of cold rolled stainless steel imports from Malaysia and China, according to the agency.
An investigation was launched into stainless steel products under nine tariff posts on Oct. 23 following a request by PT Jindal Stainless Indonesia, part of India’s Jindal Group, the KADI said.
Indonesia imported nearly 360,000 tonnes of cold rolled stainless steel from Malaysia and China from April 2016 to March 2019, representing half of the country’s imports for such products, it said.
Based on KADI’s analysis of preliminary evidence provided in the petitioner’s documents, the agency found dumping practices over the imports of cold rolled stainless steel from the two countries accused, the committee’s head Bachrul Chairi said in the statement.
Earlier, China’s commerce ministry said it would impose temporary antidumping measures on stainless steel billet and hot-rolled stainless steel plate from the European Union, Japan, the Republic of Korea and Indonesia from March 23.
Last August, Indonesia imposed anti-dumping import duties at 10.47 percent on Chinese steel products, and 12.5 and 12.33 percent for Singapore and Ukraine steel products, respectively.
With 1.79 million tonnes of imports from China in 2018, Indonesia is the fifth-largest destination for Chinese flat steel products, according to the IHS Markit Global Trade Atlas./.
VNA
