Indonesia Proposes To Impose Anti-dumping Duty On Chinese Alloy Hot Rolled Coil
Indonesia's Anti-Dumping Committee(KADI) has proposed that final anti-dumping duties of 7.2%-50.2% be levied on alloy-added hot rolled coil originating from China. This recommendation will now be forwarded to the Finance Ministry before a decision is made on implementation。
The targeted products are categorized under HS code 7225.30.90 and are alloy-added HRC which contain0.0008-0.003% boron content and/or less than and equal 0.025% titanium. In KADI's report released last week on the findings of its anti-dumping investigation, it specifies the grade of HRC as SAPH310, SPHC, SPHD, SPHE, SPFH490, S20C, SAE1045. The table below shows the final anti-dumping margins determined by KADI.
“It will be enforced when the Minister of Finance releases a decree of the issue based on the recommendation of KADI,” a Jakarta-based industry source says. “Usually it [KADI's recommendation] will be upheld,” he adds. "The KADI final report was just released. It may take another 60-75 days before the duties can be effective," a Jakarta trader says. KADI began its anti-dumping investigation in March 2020 after receiving an anti-dumping application from PT Krakatau Steel which produces 60% of HRC in the country.
Short comments: the anti-dumping application tax will definitely cause the rising price of the steel in Indonesia, as well as the average price of China steel factory, we use cold-rolled steel now, and the price maintain at a average level now, please contact us for more information about drum closure.
Popular Science: Lubricating Oil Storage TipsJuly 1, 2022In the storage of lubricating oil, the prevention of deterioration and pollution are the two most basic principles.The deterioration of lubricating oil mainly refers to the failure of lubricating oil ...view
Tinplate cap seals with logosNovember 6, 2023Tinplate cap seals with logos are a popular choice for sealing bottles and containers in a variety of industries. These seals are made from high-quality tinplate and are designed to provide a secure a...view
Reusable Packaging Industry InitiativeJune 30, 2022The Reusable Industrial Packaging Association (RIPA) advocates policies and practices that encourage the additional use and reuse of reusable industrial and transport packaging. Packaging reuse reduce...view
Kinds Of Gasket Of Drum Closure1July 1, 2022The steel drum sealing ring is a kind of rubber ring with circular or rectangular section. The most commonly used sealing ring section is O-type, so it is called O-type sealing ring.It is one of the m...view