Provisional anti-dumping duties imposed on China, Indonesia, S Korea HRCs

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KUALA LUMPUR (Oct 16): Malaysia will impose provisional anti-dumping duties on imports of hot rolled coils (HRCs) from China, Indonesia and South Korea for a maximum of 120 days from tomorrow.

The provisional anti-dumping duties range from 3.15% to 29.37%.

In a statement yesterday, the Ministry of International Trade and Industry (Miti) said the decision was made after a preliminary investigation as provided under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993 found there was sufficient evidence to continue with further probe into HRC imports from the three countries.

“The imposition of the anti-dumping duties will be subject to the outcome of the final investigation no later than 120 days from the date of the gazette of the provisional anti-dumping duties,” Miti said.

The investigation was initiated on June 19 following a complaint lodged by Megasteel Sdn Bhd on behalf of the domestic industry producing HRCs, which claimed that HRCs from China, Indonesia and South Korea were dumped in Malaysia at a price much lower than that in the domestic markets of the alleged countries.

Megasteel said this had caused material losses to the domestic industry.