Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on November 9, 2018

KUALA LUMPUR: Malaysia will impose provisional anti-dumping duties ranging from 3.33% to 16.13% on imports of galvanised iron (GI) from China and Vietnam for not more than 120 days effective today.

The international trade and industry ministry said this follows the completion of the preliminary determination into the anti-dumping investigation concerning imports of flat rolled products of iron alloy or non-alloy steel, plated or coated with zinc, using hot dip process originating in or imported from China and Vietnam.

“[We have] found that there is sufficient evidence to continue further with the investigation into the importation of GI from the alleged countries,” the ministry said in a statement yesterday.

The investigation has been initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulations 1994 based on a petition filed by FIW Steel Sdn Bhd on behalf of the domestic industry producing GI on July 25.

FIW Steel has alleged that imports of GI from China and Vietnam are being dumped into Malaysia at a price much lower than their domestic selling price, causing material injury to the domestic industry.

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