Home > News and Opportunities

News and Opportunities

Govt to extend duties on hot rolled coil

 The Trade Ministry has submitted recommendations to the Finance Ministry to extend recently expired anti-dumping duties on imported hot rolled coil from China, India, Russia, Taiwan and Thailand.

"The minister [Gita Wirjawan] has already approved our proposal to keep the duties on the steel products," Indonesian Anti-Dumping Committee (KADI) chairman Bachrul Chairi said on Wednesday in Jakarta.

The duties, imposed in 2008 and expiring last month, were imposed to offset dumping, when foreign producers sell products for less than production costs or less than at home market.

The duties, ranging from 4.24 percent to 56.51 percent, had been imposed on 17 firms. KADI had evaluated the duties at the request of Indonesia's biggest steel maker, Krakatau Steel, which was the petitioner representing local industry.



[Last update: 2013-04-04 10:30:12]

About LGS Online

A New Cornerstone of Legal Services in Indonesia

Indonesia Under Review

Periodical Review of Indonesian Politics, Economy and Other Public Issues

LGS Online Newsletter

LGS Newsletter on Various Legal and Business Issues

Who's Who in Indonesia

Government Officials and Prominent Business Actors in Indonesia

Important Addresses

Important Addresses You Should Know

LGS Online. Copyright 2012. All Rights Reserved.