KUALA LUMPUR: Malaysia has imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years, its Ministry of International Trade and Industry said today.
The duties on flat-rolled products of non-alloy steel plated or coated with aluminum and zinc, come after an anti-dumping investigation was carried out on behalf of the domestic industry, the ministry said.
The investigation found that “the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries”, it said in a statement.
The tax would range between 2.18% to 18.88% for products from China, and 9.98% to 34.94% for products from South Korea, and 3.06% to 37.14% for products from Vietnam.
The duties came into effect on Dec 12 and will be imposed until Dec 11, 2025.
Vietnam made a similar move today, putting duties on some coil or sheet cold-rolled steel products originating from China, also for five years, starting Dec 28. – Reuters
