Indonesia levies anti-dumping duty on Chinese hot-rolled steel coil

On March 14, 2022, the Indonesian Ministry of Finance issued Regulation No. 15 / PMK.010/2022, which decided to impose an anti-dumping duty of 4.2% and 50.2% on hot-rolled steel coils originating in China. The measures will take effect from the 21st of the announcement and will be valid for 5 years.

Involving stainless steel enterprises: Shanxi Taigang stainless Steel Co., Ltd., anti-dumping duty: 8.6%.

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"EU levies final countervailing duties and revises anti-dumping duties on cold-rolled stainless steel from India and Indonesia

"[hot discussion] see through the storm and focus on the industry to promote the rational return of the nickel market.

The technical failure of LME caused market chaos for the second day in a row.

"Nickel resumes trading in LME and falls by the limit the next day. International oil prices soar by 8 per cent.

"LME raised the limit for nickel trading to 12% after the opening limit.

"the sharp fluctuation of nickel price has attracted attention to how to ensure the stability of the global nickel industry chain.

Discussion on how to improve the Security of China's Nickel supply chain from the Nickel Futures incident

"epic" Lunni emptying follow-up: nickel price is expected to return to rationality

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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