Friday 29 Mar 2024
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KUALA LUMPUR: The Ministry of International Trade and Industry (Miti) has initiated a preliminary investigation into imports of cold rolled stainless steel (CRSS), and pre-painted/painted/colour-coated steel coils, from several countries, including China and Vietnam, which could result in imposition of anti-dumping duties.

This follows two separate petitions received from domestic producers, alleging that CRSS and steel coils are being dumped in Malaysia allegedly at a price much lower than the price in the domestic markets of the countries concerned, which is causing material injury to the industry.

In a statement yesterday, Miti said it had received a petition on March 20 from a domestic producer, but didn’t reveal its name, for the imposition of anti-dumping duty on imports of CRSS from Taiwan, France, Hong Kong, Japan, China, Finland, Indonesia, South Korea and Vietnam.

In a separate statement, Miti said another domestic producer had also claimed that imports of steel coils from China and Vietnam were being dumped in Malaysia.

“In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related regulations, a preliminary determination will be made within 120 days from the date of initiation. If the final determination is affirmative, the government will impose an anti-dumping duty at the rate that is necessary to prevent further injury,” the ministry said.

In October last year, Malaysia imposed provisional anti-dumping duties on imports of hot rolled coils from China, Indonesia and South Korea for a maximum of 120 days, ranging from 3.15% to 29.37%.

 

This article first appeared in The Edge Financial Daily, on April 28, 2015.

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