Malaysia imposes anti-dumping duties on flat-rolled steel from China, S.Korea, Vietnam
2020-12-24 14:20:21 [Print]
Malaysia has imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years, its Ministry of International Trade and Industry said on Wednesday.
The duties on flat-rolled products of non-alloy steel plated or coated with aluminum and zinc, come after an anti-dumping investigation was carried out on behalf of the domestic industry, the ministry said.
The investigation found that "the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries", it said in a statement.
The tax would range between 2.18% to 18 . 88% for products from China, and 9 . 98% to 34 . 94% for products from South Korea, and 3 . 06% to 37 . 14% for products from Vietnam . The duties came into effect on Dec . 12 and will be imposed until Dec . 11, 2025.
Vietnam made a similar move on Wednesday, putting duties on some coil or sheet cold-rolled steel products originating from China, also for five years, starting Dec. 28.
The duties on flat-rolled products of non-alloy steel plated or coated with aluminum and zinc, come after an anti-dumping investigation was carried out on behalf of the domestic industry, the ministry said.
The investigation found that "the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries", it said in a statement.
The tax would range between 2.18% to 18 . 88% for products from China, and 9 . 98% to 34 . 94% for products from South Korea, and 3 . 06% to 37 . 14% for products from Vietnam . The duties came into effect on Dec . 12 and will be imposed until Dec . 11, 2025.
Vietnam made a similar move on Wednesday, putting duties on some coil or sheet cold-rolled steel products originating from China, also for five years, starting Dec. 28.