KUALA LUMPUR – The government has imposed definitive anti-dumping duties on flat rolled products of non-alloy steel plated or coated with aluminium and zinc imported from China, South Korea and Vietnam.
The International Trade and Industry Ministry (MITI) said in a statement today, that the duties took force on December 12, running for five years until December 11, 2025.
The duties for products imported from China will range from 2.18% to 18.88%, while the duties for products from South Korea will be from 9.98% to 34.94%, and products from Vietnam will be charged from 3.06% to 37.14%.
It said the decision was made after MITI completed a detailed investigation on producers and importers in Malaysia, as well as producers and exporters of said goods from the three countries.
“The government has concluded the final determination of the anti-dumping investigation and found that the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries, causing material injury to the domestic industry in Malaysia,” the ministry said.
It said the investigation was done in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994, based on a petition filed by NS Bluescope (Malaysia) Sdn Bhd on behalf of the domestic industry.
MITI said the Royal Malaysian Customs Department will enforce the collection of anti-dumping duties, adding that the move is expected to address the issue of unfair trade practices. – Bernama, December 23, 2020
