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12 Jan
09:46

Indonesia to set import reference price

Indonesia plans to set a reference price for steel imports, according to local media reports. The industry ministry has said it is looking at proposals but it remains unclear how a price will be set or how it will be implemented, Kallanish notes. The Indonesian Iron and Steel Industry Association (IISIA) has welcomed the news but also expressed caution. A thorough review of the mechanism for determining a fair price would be necessary in order to balan…
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