Weakening Rupiah Not Disturb Performance of Nuts and Bolts Production : http://bisnis.news.viva.co.id/news/read/637534-pelemahan-rupiah-tak-ganggu-kinerja-produksi-mur-dan-baut/12 June 2015 PT. Garuda Metalindo Tbk, which is a manufacturer of fasteners (nuts and bolts) and cold forging parts, refer to the weakening of the rupiah against the US dollar, which occurred at this time does not affect the company's management.
Garuda Finance Director Metalindo, Ervin Wijaya, Friday, June 12, 2015, said the company has anticipated the weakening of the rupiah against the US dollar.
He admitted that there is a weakening of the influence of the exchange rate of the rupiah against the company, but the effect is relatively small.
Therefore, the company evaluates the customers about price changes associated with the material needs of the company.
Affected Lartas Imported Raw Materials, Nut Bolts Person Claiming Restless : http://surabaya.tribunnews.com/2014/06/10/terkena-lartas-bahan-baku-impor-pengusaha-mur-baut-mengaku-resah/10 June 2014 A number of industrial entrepreneurs bolt nut products, nails, and other steel processed in Java claimed they were forced to close the plant, if the government did not revise the rule banning limited (lartas) steel wire rod (wire rod), as set out in the Regulation 28/2014. Lartas of wire rod, which they have used as a raw material, it is considered killing medium and small industries, because it does not understand the workflow and needs of existing production.
Representing the employers, the director of the factory wire PT. Surabaya Wire, Sindu Butler, said the government tried to press employers to use locally produced raw materials. However, according to Sind, the government does not understand that the upstream industry nationally, are not yet ready both in quantity and quality.
"The needs of the upstream industry, could reach 2.4 million tons a year. While the production capacity of the local industry does not reach a million tons. That's not in terms of quality, due to local raw materials, very bad, "said Sindu, Tuesday (10/06/2014).
Sindu admit, the entrepreneur has always been importing raw materials from China, because the two considerations. Sindu said the government seemed to force the use of local raw materials, but are not aware of the weakness of the quality of local production, which has arguably only from three to four major industrial companies only.
As is known, the Trade Minister M Lutfi, sign lartas rules for imports of steel containing boron, on 2 June. Director General of the Ministry of Industry Manufacturing Industry Base, Harjanto, said the application for import lartas containing boron steel (including steel wire rods), this is done in order to protect the domestic steel industry.
According Harjanto, domestic steel companies concerned about the increasing imports of boron steel in the market. This makes the market carbon steel (carbon steel) in the country disrupted, even stopped production.
HS No. 7318.23.10.00
1 July 2019
Trade Data 2018
Definition
Screws, bolts, nuts, coach-screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel. Non-threaded articles : Rivets : Of an external diameter not exceeding 16 mm.