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Krakatau Steel Illustration. (CNN Indonesia / Hesti Rika).
Officially Partnerships, Krakatau Steel Will Supply 60 Thousand Tons of Steel to Australia
Jakarta, Indonesia - It is reported that PT Krakatau Steel Tbk and Cedex Steel & Metals Pte. Ltd. have re-signed a memorandum of understanding (MoU) on steel supply cooperation with the target of exporting steel product supply reaching 60 thousand tons per year starting from this year and valid for the next two years.The steel export supply cooperation will be carried out again this year after Australia previously imposed anti-dumping duties (BMAD) of 8.6-19% on imports of hot rolled plate (HRP) steel products from Indonesia which were effective since December 19, 2013. However, the imposition of the BMAD has expired on December 19, 2018.
It is reported that Cedex Steel & Metals Pty. Ltd. ordered 50 ton of steel and , currently they begin to re-order steel products up to 60 thousand tons per year. Steel products supplied by Krakatau Steel in this cooperation agreement include Hot Rolled Coil, Hot Rolled Sheet, and Hot Rolled Pickled Oiled, or Checkered Plate.
Krakatau Steel Commercial Director, Purwono Widodo said that Krakatau Steel is very grateful that the Australian Government will not continue the process of reviewing BMAD imposition after December 19, 2017, or just a year before BMAD ends, so that according to the anti-dumping agreement, the BMAD expires on December 19, 2018.
According to the source, the signing was done by the Commercial Director of Krakatau Steel Purwono Widodo and General Manager of Flat Rolled Products Cedex Steel & Metals Garry McInerney.
Widodo also stated that his company will continue to increase the company's exports to Australia as this is one of the sales strategies this year and it is very beneficial.
Source: https://www.cnnindonesia.com/ekonomi/20190725200107-85-415582/krakatau-steel-kerja-sama-pasok-baja-60-ribu-ton-ke-australia
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