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. The safeguard measure will take effect on January 15, 2025. The products subject to anti-dumping duties fall under various codes, with duty rates ranging from 0-20% for China, 12.95-20% for India, 5.58-20% for Russia, Kazakhstan, and Belarus, 0-20% for Taiwan, and 7.52-20% for Thailand.
From January to November last year, Indonesia imported about 1.32 million tons of HRC, a 2.9% increase compared to the same period in 2023. In October 2024, Turkey imposed anti-dumping duties on imports of hot-rolled steel plates from China, India, Japan, and Russia, with duties ranging from 6.10% to 43.31% of the CIF value. The highest tariffs were imposed on Chinese products.
Additionally, the US Department of Commerce increased import duties for Japanese steelmaker Nippon Steel to a weighted average dumping margin of 29% after a review last November.