Posted on 06 Sep 2021
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, Kallanish understands.
The targeted products are categorised under HS code 7225.30.90 and are alloy-added HRC which contain 0.0008-0.003% 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.
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KADI's recommended final AD on Chinese alloy HRC (Source: KADI ) |
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Exporter andor Exporting producer |
Duty Margin |
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Rizhao Steel Holding Group Co Ltd |
39.9% |
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Rizhao Steel Wire Co Ltd |
|
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Baohua Steel International Pte Ltd (Singapore) |
|
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Zhangjiagang Hongchang Steel Co Ltd |
50.2% |
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Jiangsu Shagang International Trade Co Ltd |
|
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Xinsha International Pte Ltd (Singapore) |
|
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Shagang International (Singapore) Pte Ltd |
|
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Shanxi Taigang Stainless Steel Co Ltd |
9.7% |
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Shougang Jingtang United Iron & Steel Co Ltd |
25.1% |
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Shougang Qian'an Iron & Steel Co |
|
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Shougang Holding Trade (Hong Kong) Ltd |
|
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Bengang Steel Plates Co Ltd |
12.1% |
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Beinxi Iron & Steel (Group) International Economic & Trading Co Ltd |
|
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Benxi Iron & Steel Hong Kong Ltd |
|
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Shanghai Meishan Iron & Steel Co Ltd |
7.2% |
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Baosteel Singapore Pte Ltd |
|
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Others |
50.2% |
Source:Kallanish
