Taiwan steel firms hurt by Indonesia's anti-dumping duty

Taipei (The China Post/ANN) - The Taiwan Steel & Iron Industries Association (TSIIA) yesterday protested against Indonesian authorities who ruled that Taiwan steel exporters are guilty of dumping and vowed to appeal the issue.

The regulatory body Komite Anti Dumping Indonesia (KADI), yesterday said it would penalise Taiwanese steel exporters by raising the anti-dumping duty of hot rolled coil from 0 to 14.69 per cent, effective in March.

KADI chairman Bachrul Chairi asserted that the commodity is being sold in Indonesia at prices below production costs or lower-than-home-market prices.

"We've concluded that the product (from the five countries) is still being dumped on the local market and if we lift the duty, it will hurt our industry," said Bachrul on February 7 in Jakarta.

The TSIIA indicated that since last April, Indonesian authorities have been investigating the alleged dumping, but throughout the entire period there had been no public hearings, and no opportunities for Taiwanese steel exporters to mount a legal defence.

The TSIIA also stated that Indonesian authorities are in violation of code 5.8 and 9.2 of World Trade Organisation guidelines, while citing the precedent of a case involving the import of rice involving the US and Mexico.

In contrast to precedents, where previously certified exporters are exempt from further anti-dumping probes, or at least have their anti-dumping duties unchanged, the Indonesian authorities have raised duties from 0 to 14.69 per cent for all Taiwanese steel exporters.

In response, the China Steel Company stated that its quarterly export volume for hot rolled coil to Indonesia averages at 20,000 tonnes, while indicating that they have complied in every way with Indonesian authorities in its anti-dumping investigation.

COPYRIGHT: ASIA NEWS NETWORK

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • US ambassador recovers from knife attack praised by N. Korea
    US ambassador recovers from knife attack praised by N. Korea

    The US ambassador to South Korea, Mark Lippert, was recovering from surgery Thursday after having his face and arm slashed by a knife-wielding activist in an attack applauded by North Korean state media. The United States condemned the "act of violence" which saw the ambassador rushed to hospital where his condition was described as stable after two-and-a-half hours of surgery that included 80 stitches to a deep gash on his right cheek. During the assault, Kim screamed a slogan in favour of …

  • New Moro rebel group emerges
    New Moro rebel group emerges

    A radical Muslim cleric trained in the Middle East and considered one of the leaders of the Bangsamoro Islamic Freedom Fighters (BIFF) has broken away from the terror group to form his own band of jihadists who are now reportedly providing sanctuary to bomb expert Basit Usman and at least five foreign militants, the military said yesterday. Armed Forces of the Philippines (AFP) spokesman Col. Restituto Padilla, citing reports from the field, said the Justice for Islamic Movement (JIM) was …

  • Billionaire finds wreck of WWII ship in Phl
    Billionaire finds wreck of WWII ship in Phl

    Microsoft co-founder Paul Allen says he has found the Japanese Navy’s biggest warship at the bottom of the sea in the Philippines, 70 years after US forces sank it. Allen posted a photo on Twitter on Tuesday of the World War II battleship Musashi’s rusty bow, which bore the Japanese empire’s Chrysanthemum seal. The American billionaire, who has also pursued space exploration, said his luxury yacht and exploration ship, the M/Y Octopus, found the Musashi one kilometer (1.6 miles) deep on the …

  • Sy moves up, Villar enters Forbes list of billionaires
    Sy moves up, Villar enters Forbes list of billionaires

    Eleven Filipinos are included in Forbes’ 2015 list of richest people in the world. Filipino-Chinese tycoon Henry Sy Sr. continues to be the wealthiest man in the Philippines. The 90-year-old SM supermalls, banking and property tycoon ranked 73rd among the world’s richest with an increased net worth of $14.2 billion from $11.4 billion last year. Sy’s net worth was attributed to the continued growth of his SM Investments Corp. and his more recent venture, the City of Dreams Manila resort and …

  • Ohio mom, boyfriend guilty; child emailed teacher for help

    PORTSMOUTH, Ohio (AP) — A woman and her boyfriend pleaded guilty to raping her young children and were sentenced to prison on Wednesday, a year after one of her daughters emailed a teacher for help and said she and her siblings were being chained to their beds, deprived of food and sexually assaulted. …

  • World's oldest person wonders about secret to longevity too
    World's oldest person wonders about secret to longevity too

    TOKYO (AP) — The world's oldest person says 117 years doesn't seem like such a long time. …

  • US billionaire says WWII Japanese ship found in Philippines
    US billionaire says WWII Japanese ship found in Philippines

    Microsoft co-founder Paul Allen said Wednesday he had found one of Japan's biggest and most famous battleships on a Philippine seabed, some 70 years after American forces sank it during World War II. Excited historians likened the discovery, if verified, to finding the Titanic, as they hailed the American billionaire for his high-tech mission that apparently succeeded after so many failed search attempts by others. Allen posted photos and video online of parts of what he said was the …

  • Miriam bucks house arrest for Enrile
    Miriam bucks house arrest for Enrile

    Sen. Miriam Defensor-Santiago believes granting Senate Minority Leader Juan Ponce Enrile house arrest, while former President Gloria Macapagal-Arroyo remains under hospital detention, will violate the equal protection clause of the Constitution. “That’s already a violation of the equal protection of the law,” she said. …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options