Source: Jakarta Post
A senior official at the Trade Ministry has said that Australia’s Anti-Dumping Commission has terminated its investigation into steel rod in coils exported from several countries, including Indonesia.
“The results of the Anti-Dumping Commission's investigation shows that the losses incurred in Australia’s steel industry was not caused by the alleged dumping of Indonesian [steel] products,” director general of international trade Oke Nurwan said in a statement The Jakarta Post received on Wednesday, noting that the commission published its decision on Mar. 26.
The decision also covers steel rod in coils exported from South Korea and Vietnam.
Oke said the decision to terminate the investigation resulted from the government's cooperation with three companies – PT Ispat Indo, PT Gunung Raja Paksi (PT GRP) and PT Master Steel (PT MS) – which was able to convince the Australian antidumping authority that no dumping had occurred.
He said the three companies were able to provide valid information and data that the antidumping authority authority required.
“We appreciate the Indonesian importers that took the initiative to cooperate with the Australian antidumping authority and in their cooperation with the government to secure its export access to Australia,” said Oke, adding that the antidumping investigation commenced on June 7, 2017.
Amid Australia's ongoing investigation into the steel product, total Indonesian exports of steel rod in coils had increased to US$1.4 million in January, a 139 percent year-on-year increase.
Central Statistics Agency (BPS) records show that exports of steel rod in coils to Australia in previous years totaled $15 million in 2017, $13 million in 2016 and $26 million in 2013.