Indonesia finds dumping of stainless steel imports from China, Malaysia

SHANGHAI, Oct 31 (SMM) – Indonesia's Anti-Dumping Committee (KADI) said in a statement on Wednesday October 30 that it has found indications of dumping of cold rolled stainless steel imports from China and Malaysia, after an investigation launched on October 23. 

The anti-dumping probe, targeting stainless steel products under nine tariff posts, was carried out based on a request by PT Jindal Stainless Indonesia, part of India's Jindal Group, said a KADI official. 

In 2018, around 2% of China's total exports of stainless steel went to Indonesia, which stood at 85,000 mt, with stainless steel coil accounting for 75%, SMM calculated based on customs data. 

SMM expects domestic exports of stainless steel to Indonesia to shrink next year. 

According to KADI, Indonesia imported nearly 360,000 mt of cold rolled stainless steel from Malaysia and China from April 2016 to March 2019, representing half of the country's imports for such products.