KONTAN.CO.ID - JAKARTA. Steel manufacturer PT Krakatau Steel has expressed its concerns over the United States' new steel and aluminum import policy, saying that the Indonesian market may be flooded by an influx of steel products from other countries. Krakatau Steel president director Purwono Widodo said on Sunday in Jakarta that although the company did not export its steel products to the US, the new 25 percent import tax on steel products would cause a domino effect in the world market. He said he was concerned about the entry of Chinese steel products into the Indonesian market, particularly if the products were prevented from entering the US market, according to the kontan.co.id report.
Krakatau Steel worried about import fallout from new US policy
KONTAN.CO.ID - JAKARTA. Steel manufacturer PT Krakatau Steel has expressed its concerns over the United States' new steel and aluminum import policy, saying that the Indonesian market may be flooded by an influx of steel products from other countries. Krakatau Steel president director Purwono Widodo said on Sunday in Jakarta that although the company did not export its steel products to the US, the new 25 percent import tax on steel products would cause a domino effect in the world market. He said he was concerned about the entry of Chinese steel products into the Indonesian market, particularly if the products were prevented from entering the US market, according to the kontan.co.id report.