Malaysia imposes maximum anti-dumping duty of 13.68 per cent on cold rolled steel from VN

 

Malaysia has revised anti-dumping duties imposed on cold rolled steel from Việt Nam to a maximum rate of 13.68 per cent. — File Photo 

HÀ NỘI — The Malaysian Ministry of International Trade and Industry (Miti) has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating or exported from China, the Republic of Korea (RoK) and Việt Nam.

According to the Trade Remedies Authority of Việt Nam, anti-dumping duties for Việt Nam would stand at 2-13.68 per cent.

The duty is now set at two per cent for POSCO Vietnam Co Ltd and 13.68 per cent for China Steel Sumikin Viet Nam Joint Stock Co and others.

The revised anti-dumping duties are effective from May 8, 2019  to May 23, 2021.

The anti-dumping duties for Chinese steel producers are now 35.89 per cent and 42.08 per cent, while for South Korean producers they've been set at 11.55 per cent and 21.64 per cent.

The Malaysian Government on November 9, 2018 initiated an investigation into anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating from the three countries based on a petition filed by CSC Steel Sdn. Bhd. on behalf of the domestic industry.

The petition claimed there had been a substantial change in the dumping margin for imports of subject merchandise by producers or exporters from China, RoK and Việt Nam since the imposition of the anti-dumping duties on imports of cold rolled coils of alloy and non-alloy steel on May 24, 2016, according to Miti’s press release.

In early April, Malaysia announced it would initiate an anti-dumping duty investigation into imports of cold-rolled coils of iron or non-alloy steel originating or exported from four countries, including Việt Nam, China, Japan and South Korea based on a petition lodged by Malaysian producer Mycron Steel CRC Sdn Bdh. — VNS