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 21.
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. Ltd.
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 First.