Indonesia awaits US response to steel anti-dumping objection

05/07/2017 12:00 - 441 Views

The Trade Ministry has sent letters to the United States to question anti-dumping measures imposed on Indonesian steel producers.
The US has imposed anti-dumping duties on certain Indonesian firms for years – in some cases for 20 years – even though Indonesian steel exports to the superpower are relatively small in value.
“We have sent [letters and] analysis [to the US] stating our objection to the dumping allegations,” said the Trade Ministry’s foreign trade director general, Oke Nurwan, on Tuesday.
Letters were sent last year to the US International Trade Commission and the US Department of Commerce, said Oke, adding that the Trade Ministry, which had been in contact with the two, was waiting for a final response.
Trademap data shows iron and steel exports from Indonesia to the US surged 68.3 percent to US$26.1 million last year.
Export value ranged from $10.5 million to $26.1 million from 2012 to 2016, which was relatively small compared to US steel imports, which were worth $22 billion to $36 billion during the same period. (bbn)

Source: The Jarkata Post