Local steel producers are demanding that the government impose an export tax on semi-finished steel so that domestic needs can be met and the industry can produce the goods more efficiently.Two major steel plate manufacturers — PT Gunung Raja Paksi and publicly listed PT Gunawan Dianjaya Steel — said a levy of around 10 percent would be necessary to help secure raw materials — steel slabs — domestically.At present, both still rely on cheaper imports from countries like Brazil, Japan, Russia and Ukraine. However, local supply would be preferable due to faster and flexible delivery, they said.Raja Paksi president director …read more
Source: The Jakarta Post
