According to the Indonesian business newspaper on June 24, the Indonesian iron and steel industry association executive director of (IISIA) taufik hidayat, said in the recently held in southeast Asia iron and steel association (SEAISS) meeting, the association of south-east Asian nations (asean) iron and steel enterprises reached consensus that to make a complaint about the implementation of unfair subsidies of China's steel exports for the world trade organization.
He stressed that the Indonesian government is planning to formulate policies to support the development of domestic steel products enterprise, for example increasing the content of local building materials used in the construction projects funded by the nation, as well as the implementation of the steel import tariff plan under the clause of the improvement of the upcoming most-favored-nation (MFN).
Indonesian iron and steel industry association said, the Chinese government gives as much as 13% of export tax rebates to the downstream steel products export, including seamless steel pipe, welded steel pipe and so on, at the same time of up to 15% on the upstream products of export tax. This helps to a large number of Chinese steel products exported to countries such as Indonesia.
According to the Indonesian central bureau of statistics, Indonesia in the past two years foreign steel downstream products imports increased by 300% to 800%.
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