Pemerintah Indonesia berencana menerapkan bea masuk anti-dumping sebesar 15% pada besi untuk mencegah impor besi besar-besaran dan mendukung industri besi domestik. Indonesia bukanlah negara pertama yang memberlakukan bea masuk impor anti-dumping pada produk-produk besi. Cina menerapkan bea masuk anti-dumping pada jenis tabung-tabung stainless steel tertentu dari Jepang dan Uni Eropa (dan karenanya meningkatkan kelebihan suplai besi dunia) sementara Malaysia menerapkan bea masuk anti-dumping pada hot rolled coils yang diimpor dari Cina dan Indonesia.

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Irvan Kamal Hakim, Director at Krakatau Steel (Indonesia’s largest steel manufacturer), said that the domestic steel industry is still affected by prolonged concerns about excess steel supply in China, the world's largest steel producer. Amid slowing economic growth in the world’s second-largest economy, domestic steel demand in China has declined resulting in a global oversupply of 525 million tons. Each 1 percent decline in GDP growth in China results in an additional oversupply of 24 million tons of steel.

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Domestic steel sales in Indonesia are expected to rise 6 percent y/y to 15.1 million tons in 2014. Meanwhile, the global average steel price has been USD $536 per ton this year, implying that the market value of Indonesian steel sales is to reach USD $8 billion this year. In recent years, the country’s steel sales have been rising on development of infrastructure, defense industry, and manufacturing. The sales are expected to continue rising in the years ahead due to commitment of the government to boost infrastructure development.

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