INDONESIA imposed new duties on imports of hot-rolled sheet
The Indonesian government has made another step in protecting the domestic market from imported products. From 1 October 2012, in fact `afterthought #39;, without conducting a formal investigation, the Ministry of Finance imposed anti-dumping duty on the import of hot-rolled flat products from 3 countries. In particular, imports from China imposed duties of 10.47%, from Singapore - 12.33%, from Ukraine - 12.5%.
According to Yudi Pramadi, head of the Department of Communication and Information of the Ministry of Finance, the restrictive measures will be in force for 3.5 years. According to local press reports, the government is also exploring the import of hot-rolled steel from Japan, where the import duty may be imposed of up to 27.6%.
Earlier, in 2008, the government established a five-year anti-dumping duties on steel 4,24-56,51% g / c coils from 5 countries: Russia, Thailand, China, India and Taiwan.
A number of consumers in the local market believe that the decision of the government is not conducive to healthy competition between domestic and foreign suppliers of these products.
As predicted in the National Association of Steel Indonesia (Indonesian Iron and Steel Industry Association), in 2012 the growth in steel consumption in the country will slow down to 5% (up to 9 million tons) compared with 32.5% in 2011 ( 8.6 million tonnes). In 2013 is expected to IISIA, steel demand is expected to grow at around 6% -7. Deputy Chairman IISIA Irvan Kamal Hakim said that the potential market `should be filled by domestic producers#39;.
In 2011, according to ISSB, imports of steel products in the country amounted to 7.5 million tonnes
