Indonesia extends anti-dumping duties on HRC coils from seven countries

The event will begin on January 15, 2025

Indonesia’s Ministry of Finance has decided to extend anti-dumping duties on hot rolled coils (HRC) imported from China, India, Russia, Kazakhstan, Belarus, Taiwan and Thailand for another five years, until 2030, Kallanish reports.

The safeguard measure will take effect on January 15, 2025.

Currently, the products subject to anti-dumping duties fall under codes 7208 10 00, 7208 25 00, 7208 26 00, 7208 27 11, 7208 27 19, 7208 27 91, 7208 27 99, 7208. 36.00, 7208.37.00, 7208.38.00, 7208.39.10, 7208.39.20, 7208.39.30, 7208.39.40, 7208.39.90, 7208.90.10, 7208.90.20 and 7208.90.90.

The rate of the anti-dumping duty is as follows:

• 0-20% – for China,
• 12.95-20% – for India,
• 5.58-20% – for Russia, Kazakhstan and Belarus,
• 0-20% – for Taiwan,
• 7.52-20% – for Thailand.

From January to November last year, Indonesia imported about 1.32 million tons of HRC, which is 2.9% more than in the same period in 2023.

In October 2024, Turkey decided to impose anti-dumping duties on imports of hot-rolled steel plates originating from China, India, Japan and Russia. The duties will range from 6.10% to 43.31% of the CIF (cost, insurance and freight) value. The highest tariffs will be imposed on Chinese products, which have been recognized as the most threatening to the Turkish market. Chinese manufacturers are subject to duties ranging from 15% to 43%.

As GMK Center reported, last November, the US Department of Commerce increased import duties for Japanese steelmaker Nippon Steel after a review.
According to the preliminary decision published in the Federal Register, the DOC set a weighted average dumping margin of 29% for the company.