Huaxiao Metal Corporation Limited.

Us Cancels Indonesian Stainless Steel Import Tax Rate

In September 4th, the media reported that Indonesian alloy steel products were free to enter the United States without the need to impose import duties. However, the exemption from the import tax of the alloy steel is temporary and only for one year. The good news came from the two letters sent by the US security agency and Industry Bureau (BIS) to the Indonesian trade ministry.

They claim that Indonesia's special steel products have been exceptions for one year. During this period, the United States imposed an import duty rate of 25% on alloy steel. Uncle Sam did not include alloy steels of special specifications because their domestic industry needed them.

Because the domestic steel products of the United States can not meet the existing demand, including the quality of the market needs. Plus, in their letter, the U.S. Security Agency and the Bureau of Industry claimed that by removing the import tax rate on alloy steel products, they did not find any factors affecting national security.

The United States also provides Indonesia with 100 tons of steel import quotas. Purwono Widodo, chairman of the Indonesian Steel Association Cluster, praised the US policy, although the exemption from the Indonesian alloy steel import tax rate was only temporary. "Of course, we also welcome the success of lobbying by the government, especially trade ministers."
Related News
  • Deep-drawn Steel Applications

    Deep-drawn Steel Applications

    August 16, 2018It is widely used in punching enamel products, automobiles, food packaging and other industries. It requires good strength, surface quality, deep-drawing performance, anti-aging properties.In the past...view
  • TISCO Has Developed the Thinnest and Tearing Stainless Steel in China

    TISCO Has Developed the Thinnest and Tearing Stainless Steel in China

    August 15, 2018Recently, the "hand tear steel" fire, thickness of only 0.02 mm, this is another independent research and development, can replace imported products by TISCO , after the "pen tip steel" in 2017. It is...view
  • Introduction of Embossed Perforated Sheet Metal

    Introduction of Embossed Perforated Sheet Metal

    January 25, 2019Embossed perforated sheet metal is a new type of material that has been popular in construction industry in recent years. It refers to the special metal plate made of perforated holes on the surface, ...view
  • Inventories Fell Sharply In Late March

    Inventories Fell Sharply In Late March

    April 3, 2018According to statistics, the Wuxi area of stainless steel inventory in late March 2018 was 237,727 tons, 18,818 tons less than the first ten days of March, and a 7.34% decline.Main factors of large dr...view
  • Hot Rolled Stainless Steel

    Hot Rolled Stainless Steel

    August 30, 2018Advantages of hot rolled stainless steel plate The hot-rolled stainless steel plate has the characteristics of low hardness, easy processing and good ductility. The hot-rolled stainless steel sheet i...view
  • Jiangsu And Hebei Check Environmental Protection, Many Steel Mills Are Affected

    Jiangsu And Hebei Check Environmental Protection, Many Steel Mills Are Affected

    April 27, 2018After entering April, Jiangsu province began to strictly check the environmental protection.On April 9th, the Jiangsu provincial environmental protection department carried out key supervision actions...view
  • TEL:+86-21-54725826
  • FAX:+86-21-54717930
  • ADDRESS:Room 458, Building 8-9, NO.1500 South Lianhua Road, Shanghai, China.