CR and plate imports face higher duty threat in Indonesia

CR and plate imports face higher duty threat in Indonesia

Indonesian mill PT Krakatau, requested local authorities raise import duty on HR coil from all countries from its existing 5% to 20%. Indonesian authorities decided to add cold rolled steel and heavy plates to the same probe last week. A request has been made that the current duty of 10% on CR products be increased to 25%, and on heavy plates from 5% to 20%.