POST Online Media Lite Edition


Malaysia revises anti-dumping duties on alloy and non-alloy steel imports

Christian Fernsby |
The 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, South Korea and Vietnam.rn

Article continues below

e ministry in a statement said the revision was done after the government had conducted and completed the administrative review investigation on producers and importers in Malaysia, as well as producers or exporters from the alleged countries.

The administrative review investigation was in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994.

“The Royal Malaysian Customs Department will enforce the collection of the revised anti-dumping duties effective May 8, 2019 to May 23, 2021,” it added.

Chinese steel producers Bengang Steel Plates Co Ltd’s anti-dumping duties now stood at 42.08 per cent, while BX Steel POSCO Cold Rolled Sheet Co Ltd (35.89 per cent), Jiangsu Shagang International Trade Co Ltd (42.08 per cent) and other producers/exporters (42.08 per cent).

For South Korean steel producers, it is nil for POSCO , Hyundai Steel Company (11.55 per cent), and other producers (21.64 per cent).

In the case of Vietnamese steel producers, it is POSCO Vietnam Co Ltd (2.0 per cent), China Steel Sumikin Viet Nam Joint Stock Company (13.68 per cent) and others (13.68 per cent).

What to read next

South Korea rules against steel exporters from Taiwan
U.S. slaps duties of up to 531 percent on Vietnamese steel originating from China
China extends anti-dumping duties on caprolactam imports from EU, U.S.