BEIJING, NNC -- Indonesia maintains its commitment to antidumping with China in order to get a mutually beneficial solution between the two countries.
"We follow our steel export procedures to here," said the Indonesian Ambassador to China Djauhari Oratmangun in Beijing on Sunday (8/5/2018).
The statement was a response to the investigation by the Ministry of Commerce (Mofcom) of China over the complaints from local companies against several companies, one of them from Indonesia accused of dumping.
According to Antara website, Shanxi Taigang Stainless Steel Co. Ltd. as a Chinese domestic company filed an appeal to investigate the case.
The company produces similar products made by steel companies from Indonesia, South Korea, Japan and the European Union.
Meanwhile, the Indonesian Embassy Trade Attaché in Beijing Dandy S Iswara revealed the chronology of the complaint on July 23, 2018.
"From Indonesia, there are two companies that are accused of dumping. Both companies are also foreign investment companies from China operating in Indonesia," he said.
He said that in 2015, Indonesia had not exported steel to China.
Then in 2016 the value of Indonesian steel exports to China reached $14.2 million. A year later the export value jumped dramatically to $689 million.
Even the value of Indonesian steel exports to China became the highest compared to 19 European Union countries plus Japan and South Korea.
Shanxi Taigang reported two companies from Indonesia, three from South Korea, two from Japan, and three from the European Union after finding out that the absorption of products for China domestically continued to decline.
In addition, as many as 29 steel distributor companies from the European Union were investigated by Mofcom for the same report.
Mofcom's website previously stated that the investigation would be carried out 20 working days after the complaint report was received.
The scope of the investigation is limited to steel bars and steel plates in the Chinese market originating from Indonesia, South Korea, Japan and the European Union.
Both types of steel are raw materials for the steel industry and finished materials which are widely used for shipbuilding, containers, railways, electronics, petroleum industry, petrochemicals, and other industries, Mofcom said.