Upon the receipt of an application from the Indonesian Iron and Steel Industry Association, KPPI decided to initiate a safeguard investigation against imported wire of iron/non- alloy steel, not plated/ coated, whether or not polished, containing by weight less than 0.25 percent of carbon (HS 7217.10.10.00). The initiation of investigation was decided on 5 February 2010.
The investigation revealed that the domestic industry experienced serious injury due to the increased volume of imports of the subject good. As such, the Minister of Finance issued Decree No. 57/PMK.011/2011 on 23 March 2011 which imposes a safeguard measure in the form of specific duty for 3 (three) years on the imported products, with progressive liberalization in the second and third years as shown in the table below.
Applying the de minimis rule, several developing countries with exports constituting less than 3 % of total imports to Indonesia are excluded from the measure, i.e. India, Malaysia, Philippines, South Korea, Taiwan, and Thailand.