The Indonesian Iron and Steel Industry Association (IISIA) welcomes the implementation of the Anti-Dumping Import Duty (BMAD) policy, which is considered capable of maintaining the competitiveness of the domestic steel industry and curbing lower-priced imported steel products. BMAD is an additional import duty imposed on imported products sold at prices far below their production costs or market prices in the country of origin; dumping practices weaken the competitiveness of domestic producers and reduce their market competitiveness. The Chairman of IISIA stated that BMAD helps drive the steel industry to improve its competitiveness, allowing domestic producers to continue production without worrying about dumping practices. BMAD is a form of government protection for hot-rolled coil products, which are widely used in various industries such as automotive, construction, and manufacturing. Without adequate protection, the domestic steel industry may reduce production due to unbalanced competition with low-priced imports. In the future, he hopes the government will continue to adhere to the implementation of anti-dumping policies and strengthen supervision of steel imports to promote the sustainable development of the domestic industry. The Chairman of the Indonesian Anti-Dumping Committee stated that it will ensure the continued existence of the domestic steel industry, as BMAD is a form of protection for domestic production.
The Indonesian Iron and Steel Industry Association (IISIA) welcomes the implementation of the Anti-Dumping Import Duty (BMAD) policy, which is considered capable of maintaining the competitiveness of the domestic steel industry and curbing lower-priced imported steel products. BMAD is an additional import duty imposed on imported products sold at prices far below their production costs or market prices in the country of origin; dumping practices weaken the competitiveness of domestic producers and reduce their market competitiveness. The Chairman of IISIA stated that BMAD helps drive the steel industry to improve its competitiveness, allowing domestic producers to continue production without worrying about dumping practices. BMAD is a form of government protection for hot-rolled coil products, which are widely used in various industries such as automotive, construction, and manufacturing. Without adequate protection, the domestic steel industry may reduce production due to unbalanced competition with low-priced imports. In the future, he hopes the government will continue to adhere to the implementation of anti-dumping policies and strengthen supervision of steel imports to promote the sustainable development of the domestic industry. The Chairman of the Indonesian Anti-Dumping Committee stated that it will ensure the continued existence of the domestic steel industry, as BMAD is a form of protection for domestic production.