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PT Krakatau Steel Files Anti-Dumping Petition against Chinese HR Steel Imports

Steel News - Published on Wed, 19 Feb 2020

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Indonesia state-owned steelmaker PT Krakatau Steel has submitted an anti-dumping petition against hot-rolled coil and plates imports from China to the Indonesian Anti-Dumping Committee. PT Krakatau Steel President director Silmy Karim said that “The petition, submitted on behalf of the Indonesian Iron and Steel Industry Association, is part of an effort to control imports of the product, which can be used as a replacement for carbon steel. This is the first time local industry players have submitted an anti-dumping petition on hot-rolled coil alloys from China.”

He said that controls were necessary as local iron and steel industry players suspected that China was dumping its product on Indonesia

According to IISIA data “Imports of carbon-akin alloys like boron steel have disrupted the performance of local steel companies because the product is often used as a substitute for the carbon steel produced by many local players. As a result, steel imports rose to 3.2 million tonnes in 2019 from 1.4 million tonnes in 2015.”

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Posted By : Rabi Wangkhem on Wed, 19 Feb 2020
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