KUALA LUMPUR – The government is imposing provisional anti-dumping duties on imports of cold rolled stainless steel in coils, sheets or any other form (subject merchandise) from Indonesia and Vietnam.
In a statement today, the International Trade and Industry Ministry said it had completed the preliminary determination of an anti-dumping investigation concerning imports of the subject merchandise originating or exported from the alleged countries, and found there was sufficient evidence for further investigation.
“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 equivalent to the amount of the dumping margins determined in the preliminary determination.
“Provisional anti-dumping duties ranging from 7.73% to 34.82% will be applied on imports of subject merchandise from the alleged countries, and shall be effective not more than 120 days from December 26.”
To recap, the anti-dumping investigation was initiated the on July 28 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.
The ministry said a final determination will be made no later than April 23 next year.
It said interested parties, such as importers, foreign producers, exporters or 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 the ministry. – Bernama, December 28, 2020
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