Sunday , 23 September 2018
Breaking News
You are here: Home » Business » Indonesia applies anti-dumping duties on VN steel
Indonesia applies anti-dumping duties on VN steel

Indonesia applies anti-dumping duties on VN steel

Vietnamese colour-coated steel products are applying anti-dumping duties for five years. — Photo vneconomy.vn
Viet Nam News

HÀ NỘI — The Indonesian Anti-Dumping Committee (KADI) has announced the application of anti-dumping measures on colour-coated steel sheet imports from Việt Nam and China.

This was revealed by the Trade Remedies Authority of Việt Nam, which operates under the Ministry of Industry and Trade.

KADI determined that steel sheet imports from Việt Nam dumped into the country stood between 12.01 per cent and 28.49 per cent 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, following complaints by PT NS BlueScope Indonesia that repeated illegal trade practices devastated production and employment as well as caused damage to the Indonesian steel industry.

The colour-coated steel imports that were investigated had the HS codes of 7210.70.70.00, 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 Việt Nam 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. — VNS

 

Source link

About vivian

Comments are closed.