Posted on 10 Mar 2016
Malaysia’s Ministry of International Trade and Industry has announced a preliminary decision on the anti-dumping investigation regarding cold rolled steel imported from Vietnam, thus imposing dumping tax rates of 4.58-10.55% on Vietnamese steel.
The information was released by the Vietnam Competition Authority under the Ministry of Industry and Trade on March 3.
The investigation was initiated on August 27, 2015 into the alleged dumping of alloy and non-alloy cold rolled 0.2-2.6mm thick and 700-1300mm wide steel exported to Malaysia from Vietnam, China and the Republic of Korea (RoK).
The preliminary investigation results showed that the imports of such steel products from the three countries have caused significant damages to the Malaysian steel industry and domestic market.
Therefore, Malaysia has decided to impose temporary anti-dumping duties ranging between 4.58-10.55% on Vietnamese steel, 8.32-21.64% on RoK's steel, and 23.78% on Chinese steel.
One steel enterprise from the RoK and two enterprises from China were found to have escaped anti-dumping duties, thus avoiding taxes.
The final decision on the case will be issued within 120 days from January 25, 2016.
