Government imposes anti-dumping duties on steel trade from Indonesia and Vietnam

KUALA LUMPUR (April 26): The Malaysian government has imposed anti-dumping duties on imports of cold-rolled stainless steel in coil, sheet or any other form (subject merchandise) originating in or exported from Indonesia and Vietnam.

In a statement released today, the Ministry of International Trade and Industry (MITI) said the anti-dumping duty for Indonesia is 8.8% to 34.82% and Vietnam is 7.81%. at 23.84%.

MITI added that the duties are equivalent to the amount of the dumping margins that have been determined.

“The collection of anti-dumping duties on the merchandise in question has been enforced by the Royal Malaysian Customs Department for five years, from April 24, 2021 to April 23, 2026.

“The imposition of anti-dumping duties on the subject merchandise from these countries should solve the problem of unfair trade practices,” he said.

On July 28, 2020, the government initiated an anti-dumping investigation into the subject merchandise originating in or exported from Indonesia and Vietnam in accordance with the Countervailing and Anti-Dumping Act 1993 and the Countervailing and Anti-Dumping Regulations 1994.

The investigation was based on a petition filed by Bahru Stainless Sdn Bhd, the only domestic manufacturer of steel production.

As a result of the investigation, the government concluded that the subject merchandise from these countries had been imported into Malaysia at a price below the price sold in those countries and had caused material injury to the local industry in Malaysia. .

MITI also said that stakeholders such as local producers, importers, foreign producers / exporters and associations related to the investigation could obtain a copy of the non-confidential version of the Final Determination report by making a request. written to the ministry.

For more information call 03-6208 4634/4639/4642/4646 or email [email protected].

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