KUALA LUMPUR (Feb 8): The government has concluded the anti-dumping investigation concerning imports of cold-rolled stainless steel (CRSS) and decided to impose the final affirmative anti-dumping duties, effective for five years, from today to Feb 7, 2023.
In a statement today, the Ministry of International Trade and Industry (MITI) said the Royal Malaysian Customs Department would enforce the collection of anti-dumping duties from imports from China, South Korea, Chinese Taipei and Thailand.
It said under China, the duties for Shanxi Taigang Stainless Steel Co Ltd would be 2.68 per cent; and, others, 23.95 per cent.
For South Korea, Hyundai BNG Steel Co Ltd and Hyundai Steel Co there would be no duties; POSCO would pay 4.44 per cent and others, 7.27 per cent.
For Chinese Taipei, Chia Far Industrial Factory Co Ltd and Yieh United Steel Corp would not have to pay the duties; Tang Eng Iron Works Co Ltd 7.78 per cent; Walsin Lihwa Corp 2.79 per cent; and, others 14.02 per cent.
For Thailand, POSCO-Thainox has to pay 22.86 per cent; and, others 111.61 per cent.
MITI said the investigation was initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on May 15, 2017 based on a petition filed by Bahru Stainless Sdn Bhd (petitioner) on behalf of the domestic industry producing CRSS.
“The petitioner alleged that imports of CRSS from the alleged countries are being dumped into Malaysia at a price much lower than their domestic prices, causing material injury to the domestic industry in Malaysia.
“With the imposition of anti-dumping duties on imports of CRSS from the alleged countries, it is expected that the issue of unfair trade practices will be addressed,” it said.
MITI said interested parties (importers, foreign producers/exporters and associations related to the investigation) could have access to the non-confidential version of the public report on the final determination by submitting a written request to:
Trade Practices Section,
Ministry of International Trade and Industry,
Level 9, Menara MITI,
No 7, Jalan Sultan Haji Ahmad Shah,
50480, Kuala Lumpur, MALAYSIA
-0- Feb/07/2018 16:01 GMT