Indonesia ends anti-dumping investigation on Vietnamese steel sheet
09:01 | 28/09/2018

VGP  - The Indonesian Anti-Dumping Committee (KADI) has announced  its termination of an anti-dumping investigation on colour-coated steel sheet products imported from China and Viet Nam, according to the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam.

KADI said after considering the impact of the measure on socio-economic benefits, it decided to end the investigation and not to impose anti-dumping duties on Vietnamese colour-coated steel sheet. KADI sent its official announcement to the Vietnamese Embassy in Indonesia on the termination of the investigation.

Earlier, on June 7, the KADI determined that steel sheet imports from Viet Nam dumped into Indonesia at between 12.01% and 28.49% of the Indonesian market and caused significant injury to the domestic steel industry.

KADI said that from July 2015 to June 2016, Indonesia imported 224,119 tons of colour-coated steel, of which 196,191 tons came from Viet Nam and China, accounting for 87.5% 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.

On June 7, after conducting the investigation, KADI concluded that Vietnamese products were involved in price dumping in the market and caused significant damage to the domestic industry from 12.01%-28.49%. 

Based on this conclusion, it proposed the application of an anti-dumping measure on Vietnamese colour-coated steel products for a five-year period.

They also underlined the role of inter-regional links and international efforts to deal with emerging common challenges for the sake peace and prosperity.

                                                                                                                By Vien Nhu

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