Dec 28, 2020
Malaysia imposes anti-dumping tax on cold-rolled steel from Indonesia, Vietnam
2021-01-14
KUALA LUMPUR (Reuters) - Malaysia has imposed provisional duties on certain cold-rolled stainless steel imports from Indonesia and Vietnam, pending the conclusion of an anti-dumping investigation, its Ministry of International Trade and Industry said on Monday.
A preliminary probe, conducted on behalf of the sole Malaysian producer of the product, found sufficient evidence warranting further investigation into the importation of cold- rolled stainless steel in coils, sheets or any other form, it said.
“The government therefore has decided to impose a provisional measure, which shall be in the form of provisional anti-dumping duties guaranteed by a security,” the ministry said.
The security would be equivalent to the amount of the dumping margins determined in the preliminary probe, it said.
The duties range between 7.73% to 34.82%, and would be imposed no longer than 120 days from Dec. 26 this year.
A final determination on the ministry’s probe will be made by April 31.
Last week, Malaysia imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam after determining that they were being imported at a price lower than the selling price in the origin countries.
Reporting by Rozanna Latiff; Editing by Martin Petty
Source: Reuters
