Indonesian government has announced new policies to limit importing 202 series of steels in order to protect domestic steels makers and it will be effective from April 1.

According to new policies, all imported 202 grade steels must gain import approval certificate and submit all documents to the government. The regulation applies to protect all 202 listed domestically produced steel products including HRC.

However, the steels for ship building, electrical manufacturing and automotive purposes are exception. The importers whose products are not cover 202 grade steels must submit their annual plan and related certificate to the government for approval.

This new policy would be applied on the steels imported from those countries, which have signed trade agreements such as China, Japan, Australia, India and Russia.