KUALA LUMPUR: The Government has sufficient evidence to continue its investigation on the importation of cold rolled coils (CRC) of alloy and non-alloy steel from China, South Korea and Vietnam.
The International Trade and Industry Ministry (Miti) said the Government had 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 margin determined in the preliminary investigation.
“Provisional anti-dumping duties ranging from 4.58% to 23.78% will be applied on imports from the alleged countries and shall be effective not more than 120 days from Jan 25, 2016,” it said in a statement on Friday.
Based on the findings of the investigation, Miti said a final determination would be made no later than May 23, 2016.
“Interested parties such as importers, foreign producers/exporters and associations related to the investigation can have access to the non-confidential version of the public report on the preliminary determination by submitting written request to the ministry,” it added.
The Government had, on Aug 27, 2015, initiated the anti-dumping investigation based on a petition filed by CSC Steel Sdn Bhd on behalf of the domestic industry producing CRC.
The petitioner alleged that imports of CRC from China, South Korea and Vietnam were being imported at a price lower than the domestic selling price level, causing material injury to the local industry. - Bernama
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