Steel associations support anti-dumping import duties

The Indonesian Iron and Steel Industry Association (IISIA) has welcomed the implementation of the Anti-Dumping Import Duty (BMAD) policy, which is seen to preserve the competitiveness of the domestic steel industry and discourage lower-priced imported steel products.BMAD is an additional import duty imposed on imported products sold at a price far below the cost of production or market price in the country of origin.Dumping practices undermine the competitiveness of domestic producers and reduce their competitiveness in the marketplace.The IISIA chairman said that BMAD has helped to promote competitiveness in the steel industry and has allowed domestic producers to continue to produce without worrying about dumping practices.BMAD is the government's BMAD is a form of government protection for hot rolled products, which are widely used in a number of industries, including automotive, construction and manufacturing. Without adequate protection, the domestic steel industry may cut production due to unbalanced competition with low-priced imports. In the future, he hopes that the government will continue to adhere to its anti-dumping policy and strengthen the regulation of steel imports in order to promote the sustainable development of the domestic industry. The chairman of Indonesia's anti-dumping commission said that it would ensure the continued existence of the domestic steel industry and that BMAD was a form of protection for domestic production.