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Indonesia has launched an anti-dumping investigation into hot-rolled coils from China's Wuhan Iron and Steel

Indonesia has launched an anti-dumping investigation into hot-rolled coils produced by China's Wuhan Iron and Steel Group.

Indonesia has launched an anti-dumping investigation into hot-rolled coils from China's Wuhan Iron and Steel

The Indonesian Anti-Dumping Commission (KADI) announced on September 1 that it had launched an official anti-dumping investigation into hot-rolled coils made of iron or non-alloy steel originating from China's Wuhan Iron and Steel Group Corporation (WISCO).

The Commission stated that the investigation was initiated based on an application filed by PT Krakatau POSCO on behalf of the domestic industry. A preliminary review found that the evidence submitted by the applicant was sufficient and accurate, and that the products in question were being exported to Indonesia at dumped prices, causing damage to domestic production.

KADI also stated that there was a direct link between the dumping and the damage to domestic production, announcing that the investigation had been formally initiated.

Comments

1 comments
The Chinese domestic flat market is on upward trend in futures and a certain price increase in thick sheet products. At the same time, exports remained weak, most transactions were small, and buyers generally postponed purchases due to volatility and the expectation of more favorable conditions. In the short term, limited support is expected from domestic demand and seasonal restocking. However, weak exports and high inventories will curb growth, so prices are likely to fluctuate around current levels in September.

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