Indonesia announced the termination of an anti-dumping investigation on colour-coated steel products imported from Vietnam. (Photo: VNA)

Hanoi (VNA) – The Komite Anti Dumping Indonesia (KADI) under the Ministry of Trade on September 25 announced the termination of an anti-dumping investigation on colour-coated steel products imported from Vietnam, according to the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam.

Earlier, on June 7, the KADI determined that steel sheet imports from Vietnam dumped into Indonesia 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.

After considering impacts of anti-dumping measures to the socio-economy, KADI decided to end investigation and not to apply anti-dumping duties on Vietnamese colour-coated steel, a representative from the Trade Remedies Authority of Vietnam said.-VNA