Indonesia’s Exports of Steel Rod in Coils Spared From Australia Antidumping Allegation

Australia Anti-Dumping Commission announced it has stopped antidumping investigation against a steel rod in coils, including from Indonesia, Oke Nurwan, director general of foreign trade at the Ministry of Trade said in a statement on April 3, 2018. The commission made the announcement on March 26, 2018, the statement said.

“The investigation by the Australian Anti-Dumping Commission showed that the losses suffered by the Australian domestic industry weren’t caused by allegedly dumping imports,”said Ike.

Oke praised three Indonesian companies which were accused of dumping their products, for being cooperatives during the investigation. PT Ispat Indo, PT Gunung Raja Paksi (PT GRP), and PT Master Steel (PT MS) had provided data and information requested by the Australian Anti-Dumping Commission.

The investigation started on June 7, 2017. The Indonesian Government via Directorate of Trade Security submitted its defense, saying that steel rod in coils imported from Indonesia didn’t harm Australian industry. On the contrary, the imports benefited the Australian domestic industry as Australia’s domestic sales rose in 2013-2016.

The Australian Antidumping Commission initially issued the decision to stop antidumping investigation on October 27, 2017. While the commission delayed introduction of the decision, the Australian market remained positive that the investigation would be lifted.
This was evidenced on the value of Indonesia’s steel rod in coil exports to Australia in January 2018 climbed to US$1.4 million, surged from US$620,000.

“This shows that although there was a delay in the decision, there were Australian buyers who were optimistic that Indonesia will be spared from antidumping,” said Pradnyawati, director of trade security at the Trade Ministry.

Based on the State Statistics’ data the product ‘s export value to Australia in 2017 reached $15 million or up 15% from the same period a year ago at US$13 million. But overall, there was a 13% decline in 2013-2017.”

“We hope the decision can boost and recover the value of Indonesia’s steel rod in coil exports to Australia which reached $26 million in 2013,” said Pradnyawati.