Illustrative photo (Photo: vneconomy.vn

Hanoi (VNA) -
The Indonesian Anti-Dumping Committee (KADI) has announced the application of anti-dumping measures on colour-coated steel sheet imports from Vietnam and China.

This was revealed by the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.

KADI determined that steel sheet imports from Vietnam dumped into the country at between 12.01 percent and 28.49 percent of the Indonesian market and caused significant injury to the domestic steel industry.

Based on this conclusion, the Indonesian Trade Security Committee (KPPI) proposed the application of anti-dumping measures on Vietnamese colour-coated steel products for a five-year period.

KADI initiated the dumping investigation on December 23, 2016.The colour-coated steel imports that were investigated had the HS codes of 7210.70.10.00, 7212.40.10.00 and 7212.40.20.00.

KADI said that from July 2015 to June 2016, Indonesia imported 224,120 tonnes of colour-coated steel, of which 196,191 tonnes came from Vietnam and China, accounting for 87.5 percent of the country’s total steel imports.

On January 9, 2018, KADI announced a statement of essential facts on the anti-dumping investigation and asked relevant sides to give comments on the statement.

Indonesia held a public hearing on the anti-dumping investigations on January 26, 2018. -VNA