SINGAPORE The Indonesian
government has imposed anti-dumping duties on cold-rolled coil
(CRC) and sheet imports from Japan, China, South Korea, Taiwan
and Vietnam for a period of three years.
The finance minister signed the
regulation March 19, the Jakarta Post reported March
The duties "will be implemented
within a few days," the report cited Astera Primanto Bhakti,
head of the state income policy center at the Finance
Ministrys Fiscal Policy Agency, as saying.
The decision came after a
proposal from Indonesias anti-dumping commission was
approved by the trade ministry, Primanto said.
Taxes levied will range from 5.9
to 55.6 percent.
Shipments from Japans
Nippon Steel & Sumitomo Metal Corp. (NSSMC) will be
subjected to a 55.6-percent duty, with the 5.9-percent duty
applied to imports from Taiwans SYNN Industrial Co.
The investigation was initiated
in June 2011 at the request of Indonesias state-owned
Krakatau Steel Tbk.
Based on its investigation, the
commission found strong evidence that the imported steel that
was dumped caused significant injury to the steelmaker, the
Jakarta Post report said.
A version of this article was first
published by AMM sister publication Steel