KUALA LUMPUR: Malaysia has imposed anti-dumping duties of 3.84% to 26.39% on imports of cold-rolled coils of iron or non-alloy steel – of width more than 1300mm – from China, Japan, South Korea and Vietnam.
This move came after a petition was filed by Mycron Steel CRC Sdn Bhd in March, alleging that cold-rolled coils (CRCs) from these countries are being dumped in Malaysia at a much lower price than the domestic price in the respective countries, causing material damage to the Malaysian industry.
The International Trade and Industry Ministry (Miti) said the imposition of anti-dumping duties on imports of merchandise from the alleged countries would address the issue of unfair trade practices.
“The Customs Department will enforce the collection of anti-dumping duties and this measure will be effective for five years, from Dec 25,2019 to Dec 24,2024 ” it said in a statement.
According to Miti, Japanese producers and exporters would be taxed the most at 26.39% duty on imports of CRCs.
For South Korea, it said there would be no anti-dumping duties on CRCs produced by Posco, while other South Korean producers would face a 3.84% duty.
The government agency said China’s Maanshan Iron and Steel Co Ltd would face a 4.76% duty on the imports of CRCs, Angang Steel Co Ltd (4.82%), Shougang Jingtang United Iron & Steel Co Ltd (8.74%) and other producers (26.38%).
On Vietnam, Miti said the government has imposed a 7.7% duty on CRCs produced by Posco Vietnam Co Ltd, while other producers would face a 20.13% duty.
However, it pointed out that anti-dumping duties would not be imposed on imports of tin mill black plate as well as merchandise for automotive and transformer’s finwall end-usage.
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