A worker rides his bicycle past piles of steel coils for export at a port in Yingkou, Liaoning province in this August 9, 2013 file photo. China is expected to release commodities trade figures this week. REUTERS/Stringer/FilesCHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINAGLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD JANUARY 11' FOR ALL IMAGES
KUALA LUMPUR: The International Trade and Industry Ministry (Miti) has completed the anti-dumping investigation on the imports of steel coils from China and Vietnam.
In a statement on Friday, it said the detailed investigation on producers and importers in Malaysia, as well as producers/exporters from the two countries, was in accordance with the countervailing and Anti-dumping Duties Act, 1993.
The investigation was on pre-painted, painted or colour-coated steel coils (PPCCSC) from the alleged countries.
A petition was filed by FIW Steel Sdn Bhd on behalf of the domestic industry producing PPCCSC, who alleged the Chinese and Vietnamese imports were cheaper than the selling price in the domestic market of the alleged countries.
All producers and exporters from China were imposed anti-dumping duties of 52.1%, Vietnam’s Maruichi Sun Steel Joint Stock Company (12.06%), NS Bluescope Vietnam Ltd (34.85%), other producers/exporters (34.85%) while Nam Kim Steel Joint Stock Company is not eligible for any anti-dumping duties.
“The Royal Malaysian Customs will enforce the collection of anti-dumping duties and this measure will be effective for five years, from Jan 24, 2016.
“With the imposition of anti-dumping duties on imports of PPCCSC from the alleged countries, it is expected that the issue of unfair trade practices will be addressed,” Miti said.
Interested parties can have access to the non-confidential version of the public report on the final determination by submitting a written request to Miti. - Bernama
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