Malaysia imposes anti-dumping tax on cold-rolled steel from Indonesia, Vietnam

ASEAN - KUALA LUMPUR. Malaysia has imposed provisional duties on certain cold-rolled stainless steel imports from Indonesia and Vietnam, pending the conclusion of an anti-dumping investigation, its Ministry of International Trade and Industry said on Monday. 

A preliminary probe, conducted on behalf of the sole Malaysian producer of the product, found sufficient evidence warranting further investigation into the importation of cold- rolled stainless steel in coils, sheets or any other form, it said.

"The government therefore has decided to impose a provisional measure, which shall be in the form of provisional anti-dumping duties guaranteed by a security," the ministry said.

The security would be equivalent to the amount of the dumping margins determined in the preliminary probe, it said.

Read Also: Japan Nov factory output growth stalls after rising for 5 months

The duties range between 7.73% to 34.82%, and would be imposed no longer than 120 days from Dec. 26 this year.

A final determination on the ministry's probe will be made by April 31.

Last week, Malaysia imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam after determining that they were being imported at a price lower than the selling price in the origin countries.

 

Selanjutnya: Trump signs pandemic aid and spending bill, averting government shutdown