Malaysia imposes duties on steel rebar from Singapore and Turkey
Topics: MALAYSIA DUTIES STEEL SINGAPORE TURKEY
Malaysia’s International Trade and Industry Ministry said “The petitioner alleged that subject merchandise originating or exported from Singapore and Turkey are being imported into Malaysia at a price lower than the selling price in their respective domestic markets, causing material injury to the domestic industry in Malaysia producing the like product.
The anti-dumping duties were imposed to Natsteel Holdings Pte Ltd at 4.97 per cent while others (17.65 per cent).
As for Turkey, the duties were imposed to Diler Iron and Steel Co Inc at 3.62 per cent, others (20.09 per cent), while Colakoglu Metalurji AS (nil).”
MITI said the collection of anti-dumping duties from the alleged countries and the measure would be effective for five years, beginning Jan 22, 2020 until Jan 21, 2025.
An investigation under the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 was conducted after a petition filed by the Malaysia Steel Association on behalf of the domestic producers. ■