Indonesian ask AD measures against steel imports from China
Views : 140
Update time : 2021-08-19 19:00:59
The IISIA had requested the Indonesian government to implement anti-dumping (AD) measures against Chinese steel imports, including hot-rolled coil, cold-rolled coil/sheet, wire rod, bar, profile, and coated steel, but the government had not yet agreed.
Silmy Karim, Chairman of the Indonesia Iron and Steel Industry Association (IISIA), stated that Chinese steel imports flooded into the Indonesian market. As a result, steel had become Indonesia's second-largest imported commodity, and most of them were imported from China.
Furthermore, according to statistics, Indonesia's steel output in the first half of 2021 was only 6.6 million tons, a year-on-year increase of 20%. It was predicted that the volume of imported steel in Indonesia would continue to expand. Therefore, the IISIA urged the government to protect the Indonesian steel industry as soon as possible.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
