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.
Nine Reasons For Rising Packaging Costs, And How To Deal With Them?July 1, 2022It is worth noting that not only is the packaging industry facing the challenge of rising inflation, almost all industries are facing inflationary pressures. In fact, many leading publications have re...view
Orange Peel, The Painting Problem Of DrumsJuly 1, 2022Orange peelThe uneven appearance of the paint coating, which resembles the peel of an orange or walnut, is called orange peel.The reasons are as follows:1) The construction viscosity is too high and t...view
The Perfect Solution for Safe and Secure Drum StorageNovember 11, 2023Whether you’re working in a chemical, pharmaceutical, or food processing industry, you know how important it is to properly store and transport your products. And when it comes to drum storage, the c...view
Zinc plugJune 5, 2023A zinc plug is a popular solution for preventing rust on steel drums. A steel drum is a standard in many industries for packaging and transportation of a wide variety of materials. However, steel is s...view