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Government officials did not propose any significant changes to the structure of import duties on various types of steel products

The industry hopes for appropriate decisions on duties from the government

The company has already invested $1.7 billion

It is about the sum of 150 billion rupiah ($1.74 billion)

The plant is planned to be commissioned in 2027-2029

Imports for 9 months of 2024/2025 financial year amounted to 7.27 million tons

Prices for steel products in the country may increase in the event of the introduction of a protective duty on imports

The Dutch business increased steel output by 54% year-on-year during this period

The government's decision has raised concerns among leading steel companies

Estimates of the impact on steel exports to the EU vary widely

During the period, China increased the export of steel products to the country by 22.8% y/y

The safeguard measure is aimed at stabilizing the domestic steel market and curbing imports from China