Stainless Market in Indonesia

Indonesia, April 9, 2019 the ministry of finance issued/PMK. 24 announcement no. 010/2019, decided to extend the originating in or imported from China h-beam steel (HSectiondanISectiondaribesiataubajabukanpaduan) and I the current 11.93% of anti-dumping duties, shall take effect 14 days from the date of this announcement, valid for five years. The Indonesian tax Numbers of the products involved are 7216.33.11, 7216.33.19, 7216.32.10 dan 7216.32.90.

On 30 June 2009, the Indonesian anti-dumping committee initiated an anti-dumping investigation against imports of H and I sections from China. On February 1, 2018, the Indonesian anti-dumping committee announced that Indonesia initiated the second anti-dumping sunset review investigation on China’s h-shaped steel and i-shaped steel on October 27, 2017.