Indonesian Minister of Finance recently issued a new regulation, specifically imposing a 17.5% provisional anti-dumping duty on non-alloy hot-rolled coils imported from Wuhan Iron and Steel Group. The policy is based on Ministry of Finance Regulation No. 32 of 2026, officially issued on May 22, taking effect five days after issuance, with a validity period of six months. According to the tariff change information, under the previous Regulation No. 103 of 2024, the anti-dumping duty rate for similar products from WISCO was 0%, while other domestic Chinese steel enterprises such as Angang and Baosteel had a uniform rate of 20%. This policy marks the first increase in anti-dumping duties on WISCO's steel products. The policy adjustment was driven by a special investigation by the Indonesian Anti-Dumping Committee. The investigation team determined that WISCO's export of non-alloy hot-rolled sheets constituted dumping behavior, and that this dumping caused material injury to Indonesia's domestic steel industry. A clear causal link was established between the dumping and the industry injury. Based on these findings, the Indonesian authorities officially imposed provisional anti-dumping measures. The product scope for the additional duties is clearly defined, specifically referring to non-alloy hot-rolled coils of a width of 600 mm or more, not plated or coated, corresponding to multiple specific customs tariff codes. Notably, this provisional anti-dumping duty is an additional tax that must be levied on top of most-favored-nation (MFN) tariffs or preferential tariff agreements. In addition to the regulation targeting WISCO, Ministry of Finance Regulation No. 31 of 2026 also came into effect on the same day. Indonesia simultaneously implemented a broad range of controls, imposing differentiated anti-dumping duties on multiple steel enterprises from several countries and regions, including Mainland China, India, Russia, Kazakhstan, Belarus, Taiwan Province of China, and Thailand. The rates for Mainland Chinese enterprises are clearly defined: only WISCO has a rate of 17.5%, while all other steel enterprises are uniformly subject to a 20% rate. The taxation standards for enterprises from other countries and regions vary:
  • India: The three involved entities have rates of 12.95%, 20%, and 20% respectively;
  • Russia, Kazakhstan, Belarus: Local steel enterprises in these countries have rates ranging from 5.58% to 20%;
  • Taiwan Province of China: Rates for related enterprises range from 4.24% to 4.70%, with China Steel Corporation having a rate of 0%, while other steel enterprises in the province are taxed at 20%;
  • Thailand: Rates for steel production enterprises range from 7.52% to 12.78%.
In addition, for all countries and regions within the scope of these controls, steel enterprises not individually listed will have a uniform anti-dumping duty rate of 20%. Overall, by adjusting anti-dumping policies for steel from multiple countries in bulk, Indonesia aims to further regulate the import market order for foreign steel, limit the impact of low-priced steel dumping, and ultimately achieve the core objectives of protecting the domestic steel industry, balancing domestic market supply and demand, and supporting the development of local steel enterprises.