Indonesia extends anti-dumping duty to cope with China's steel import onslaught

The Indonesian government has been protecting the steel industry with anti-dumping import duties (BMAD) for more than a decade, and recently the government has extended the BMAD for iron or non-alloy steel H-beam to I-beam products for five years at a rate of 11.93%.Previously, the relevant provisions have been adjusted several times to restrict imports from multiple regions. Indonesia's anti-dumping commission in the past 10 years on Chinese steel imports many investigations, recently completed the investigation of originating in China hot-rolled steel plate, found in China, U.S., new evidence of dumping, the three countries steel imports in the past three years a substantial increase of 23.9%, the other countries have also increased by 56.1%. a large number of China's steel influx of local steel enterprises in Indonesia competitiveness decline, sales volume reduction, 2023-2024 from the China's imports rose significantly in 2023-2024, the survival of steel enterprises are facing challenges, the urgent need for policy support.