Americans Set Import Duty, Steel Association: It's Worrying

By : Ridwan And Aldi Firhand. A | Sunday, March 04 2018 - 18:47 IWST

Steel Illustration
Steel Illustration

INDUSTRY.co.id - Jakarta, National steel manufacturer hopes there is peace between the Chinese government and the United States over the plan of US President Donald Trump to impose import duties on steel from Asia.

"We hope there will be peace among them, it will affect Indonesia," said Purwono Widodo, Chairman of Cluster of Flat Product Association of Iron and Steel Indonesia (IISIA) Purwono Widodo in Jakarta yesterday.

He said, now China's steel exports to America is very high. "Imagine that China's steel exports to the United States are very great, but if it does not compromise and stop, where else would it be exported to ASEAN," he explained.

According to him, currently China's steel exports to Asean countries are declining as export allocations are cut to meet domestic demand. In addition, the closure of China's non-environmentally friendly steel mills also affected the decline in export allocations.

"Their exports to Asean are declining, if now in America stopped by President Trump with high import duty, they will surely give their allocation to Asean one of Indonesia," said Purwono.

Purwono is worried if the communication between China and Uncle Sam's country related to steel import can not be realized. "It's terrible and worrying that the allocation of imported steel from China will definitely increase significantly," he said.

Purwono hopes there will be good communication between the government of China and the United States to overcome the surge of imported steel into the Asean countries.

Meanwhile, quoted by Reuters, some senior US steel and aluminum producers were summoned to the White House on Thursday tomorrow and it is estimated that the summons is related to import restrictions. US President Donald Trump has previously pledged to seek steps to protect the domestic industry by pressing imports of steel and aluminum.

One of Trump's policy options is the imposition of import duty for steel and aluminum imports from China and other Asian countries. The amount of import duty for both commodities is estimated to be at 24%.

Trump has a deadline to announce its decision on restrictions on steel imports until April 11, 2018 and restrictions on imports of aluminum until April 20, 2018.

News Comment

Today's Industry

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…

The Indonesian Embassy in Cairo Receives Aid for Palestine

Senin, 19 Februari 2024 - 17:39 WIB

The Indonesian Embassy in Cairo Receives Aid for Palestine

The Indonesian Embassy in Cairo welcomes the Radjiman Wedyodiningrat Warship (RJW-992) which arrived at the Al Arish Port, North Sinai Province of Egypt at 8.00 A.M. Cairo local time (13/02).…