Judul : China Imposes BMAD on Stainless Steel from Indonesia, Here's the Impact on Nickel Processing
link : China Imposes BMAD on Stainless Steel from Indonesia, Here's the Impact on Nickel Processing
China Imposes BMAD on Stainless Steel from Indonesia, Here's the Impact on Nickel Processing
Best for you.CO.ID - JAKARTA China's decision to continue imposing Anti-Dumping Duties (ADD) on stainless steel products from Indonesia is considered to affect the domestic processing process.
Just to know, as the world's largest nickel ore producer, controlling 60% of the world's nickel production. The majority of Indonesia's nickel refining or processing uses Rotary Kiln Electric Furnace (RKEF) technology, which processes nickel ore into ferro-nickel (FeNi) or Nickel Pig Iron (NPI).
This product is then used as a raw material in the production of stainless steel or corrosion-resistant steel.
And based on data from Indonesian Mining Association (IMA) 65% of nickel production in Indonesia is still intended for stainless steel products. The remaining part is used for the electric vehicle battery industry.
According to Indonesian Mining Association (Perhapi) said k This policy highlight the fact that Indonesia is a producer stainless steel With the cheapest cost in the world, compared to similar industries in other countries.
"This is because China accuses Indonesia of price dumping, by providing certain financial facilities and other advantages to nickel-based processing factories operating in Indonesia," said President of Perhapi Sudirman Widhy to Best for you, Monday (07/07).
Sudirman added, in fact, the production cost of stainless steel from Indonesia can be cheaper than other countries, including China, due to several strategic factors.
"The first one is structural, especially related to the nickel downstreaming program, and Indonesia's advantage of having the largest nickel reserves in the world, as well as the integration of RKEF processing plants producing Nickel Pig Iron (NPI) with stainless steel factories that make NPI as the main raw material," he added.
He also mentioned that China has been the main export market for Indonesian stainless steel. While in recent months, China's economic growth has slowed down, and the situation of other stainless steel markets outside China remains relatively the same.
"This has triggered an oversupply of production, due to the decline in absorption of nickel-based products. The direct impact is a decrease in prices, which is reflected in the decline of nickel prices throughout this year 2025," he explained.
In the downstream section, the imposition of import duties on this stainless steel product could potentially reduce the competitiveness of Indonesian products, due to the reduced profit margin.
"Subsequent effects, if stainless steel plants and RKEF face high cost pressures and production burdens, could lead to a decline in production, potentially putting pressure on export volumes and foreign exchange earnings," he said.
He also revealed by the Chairman of the Mining Engineering Board (BK) of the Indonesian Institute of Engineers (PII), Rizal Kasli, according to him, the imposition of BMAD will affect the price of t Processing stainless steel products such as steel billet and hot rolled coil (HRC).
"HRC's products are mostly exported to China, with very little usage domestically," Rizal said when confirmed on Monday (07/07).
Despite that, Rizal remains optimistic, seeing the BMAD tariffs imposed by China on other countries are much higher compared to Indonesia.
"this is still smaller compared to other countries such as the European Union, Japan, England, and Korea, whose tariffs vary between 18.1% to 103.1%" he said.
It is known that China has re-imposed the anti-dumping duty on stainless steel products from Indonesia at 20.2%.
Quoting Bloomberg , the regulations that will take effect on July 1, 2025, have forced some Chinese smelter manufacturers operating in Indonesia, such as Tsinghan, to suspend some of their stainless steel production at the Indonesia Morowali Industrial Park (IMIP) located in Central Sulawesi.
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