Malaysia's Ministry of International Trade and Industry (MITI) has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating or exported from China, the Republic of Korea (RoK) and Viet Nam.

Illustrative image (Source: VNA)

According to the Trade Remedies Authority of Viet Nam, anti-dumping duties for Viet Nam would stand at 2-13.68 percent.

The duty is now set at two per cent for POSCO Viet Nam Co Ltd and 13.68 percent for China Steel Sumikin Viet Nam Joint Stock Co and others.

The revised anti-dumping duties are effective from 8 May, 2019 to 23 May, 2021.

The anti-dumping duties for Chinese steel producers are now 35.89 percent and 42.08 percent, while for Korean producers they have been set at 11.55 percent and 21.64 percent.

The Malaysian Government on 9 November, 2018 initiated an investigation into anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating from the three countries based on a petition filed by CSC Steel Sdn. Bhd. on behalf of the domestic industry.

The petition claimed there had been a substantial change in the dumping margin for imports of subject merchandise by producers or exporters from China, the RoK and Viet Nam since the imposition of the anti-dumping duties on imports of cold rolled coils of alloy and non-alloy steel on 24 May, 2016, according to MITI’s press release.

In early April, Malaysia announced it would initiate an anti-dumping duty investigation into imports of cold-rolled coils of iron or non-alloy steel originating or exported from four countries, including Viet Nam, China, Japan and the RoK based on a petition lodged by Malaysian producer Mycron Steel CRC Sdn Bdh.

(Source : VNA)