Indonesian Political, Business & Finance News

Tin plate dumped here

Tin plate dumped here

JAKARTA (JP): The finance minister has imposed countervailing duties ranging from 5 to 68 percent on tin plates from Australia, South Korea and Taiwan.

The minister, by decree No.23/1999 dated Jan. 18, set antidumping duties on tin plates from BHP Steel and other Australian producers at 28 percent.

Tin plates from Japan are subject to 68 percent countervailing duties. Those from South Korea's Dong Bu and Dong Yan face 5 percent duties, while tin plates from Posco and other Korean suppliers are subject to 9 percent duties. All suppliers in Taiwan will be subject to 41 percent countervailing duties.

The countervailing duties were imposed after a complaint from domestic tin plate producer PT Latinusa, in Cilegon, West Java. (vin)

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