MalaysiaNews

Anti-dumping duties Malaysia on steel imports from Indonesia, Vietnam

0
anti-dumping duties Malaysia

Kuala Lumpur: The Malaysia Government imposes provisional anti-dumping duties on imports from Indonesia and Vietnam of cold rolled stainless steel in coils, sheets or in any other form (the subject merchandise).

The Ministry of International Trade and Industry (MITI) reported that the preliminary determination of the anti-dumping investigation relating to imports of the subject products originating in or exported from the alleged countries had been completed. Furthermore, the adequate evidence had also been established for further investigation.

The Government has therefore agreed to implement a temporary measure in the form of a provisional anti-dumping duty guaranteeing a protection equal to the sum of the dumping margins calculated in the preliminary determination.’

‘Provisional anti-dumping duties ranging from 7.73% to 34.82% shall apply to imports of the products in question from the alleged countries and shall be effective from 26 December 2020 for a duration not exceeding 120 days,’ MITI said today in a statement.

To recap, the anti-dumping investigation was initiated the on July 28, 2020, based on a petition filed by Bahru Stainless Sdn Bhd (petitioner) as the sole domestic industry producing the like product, claiming that imports of subject merchandise originating or exported from the alleged countries are being imported into Malaysia at a price lower than the selling price in their domestic market and caused material injury to the domestic industry in Malaysia.

MITI said a final decision will be made by April 23, 2021 at the latest.

It said interested parties, such as importers, foreign producers or/and exporters and associations related to the investigation could have access to the non-confidential version of the report on the preliminary determination by submitting a written request to MITI.

More Information About:
Content source:

Malaysia imposes provisional anti-dumping duties on steel imports from Indonesia, Vietnam

Ant Group urged to rectify its operations

Previous article

MCO violations, Cops arrest 297 people – Ismail Sabri

Next article

You may also like

Comments

Leave a Reply

More in Malaysia