Malaysia imposes anti-dumping duties on cold-rolled stainless steel imports from China, South Korea, Chinese Taipei and Thailand for 5 years

12/02/2018 12:00 - 20 total view

Bernama reported that the Malaysian government has concluded the anti-dumping investigation concerning imports of cold-rolled stainless steel (CRSS) and decided to impose the final affirmative anti-dumping duties, effective for five years till Feb 7, 2023. Ministry of International Trade and Industry (MITI) said the Royal Malaysian Customs Department would enforce the collection of anti-dumping duties from imports from China, South Korea, Chinese Taipei and Thailand.

It said under China, the duties for Shanxi Taigang Stainless Steel Co Ltd would be 2.68 per cent; and, others, 23.95 per cent.

For South Korea, Hyundai BNG Steel Co Ltd and Hyundai Steel Co there would be no duties; POSCO would pay 4.44 per cent and others, 7.27 per cent.

For Chinese Taipei, Chia Far Industrial Factory Co Ltd and Yieh United Steel Corp would not have to pay the duties; Tang Eng Iron Works Co Ltd 7.78 per cent; Walsin Lihwa Corp 2.79 per cent; and, others 14.02 per cent.

For Thailand, POSCO-Thainox has to pay 22.86 per cent; and, others 111.61 per cent.

MITI said the investigation was initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on May 15, 2017 based on a petition filed by Bahru Stainless Sdn Bhd (petitioner) on behalf of the domestic industry producing CRSS.
Source : BERNAMA