Indonesia stops anti-dumping investigation on Vietnamese steel
Indonesia stops anti-dumping investigation on Vietnamese steel
The Komite Anti-Dumping Indonesia (KADI) under the Indonesia’s Ministry of Trade earlier this week announced the termination of an anti-dumping investigation on colour-coated steel products imported from Viet Nam, according to the Trade Remedies Authority under the Viet Nam’s Ministry of Industry and Trade.
On June 7, the KADI determined that steel sheet imports from Viet Nam were dumped into Indonesia at 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.
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 Viet Nam and China, accounting for 87.5 per cent 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.
After considering impacts of anti-dumping measures to the socio-economy, KADI decided to terminate the investigation and not to apply anti-dumping duties on Vietnamese colour-coated steel, a representative from the Trade Remedies Authority of Viet Nam said.
