The Anti-Dumping Committee of Indonesia (KADI) has released its preliminary findings of an anti-dumping investigation into imports of hot rolled coil (HRC) originating from the People's Republic of China and manufactured and/or exported by Wuhan Iron and Steel Co., Ltd. (WISCO).
Based on its preliminary findings, KADI concluded that dumped imports of HRC from WISCO caused significant damage to the Indonesian domestic industry and that a clear cause and effect relationship exists. Accordingly, KADI proposed a dumping margin of 17.55% ad valorem, equivalent to US$95.02 per metric ton, for HRC produced and/or exported by WISCO.
The application was submitted by PT Krakatau Steel (Persero) Tbk, which represented approximately 63.86 percent of total Indonesian HRC production, thereby fulfilling permanent requirements according to Indonesian regulations. KADI noted that other domestic manufacturers either supported the application or did not object to it.
The relevant products fall under the following Indonesian HS 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.
