KUALA LUMPUR: Malaysian has enforced anti dumping duties on Hot Rolled Coils (HRCs) originating from China and Indonesia after a detailed investigation undertaken by the Ministry of International Trade and Industry following a complaint by a domestic producer.
Miti initiated investigations in June 2014 after Megasteel Sdn Bhd claimed that HRC originating from China, Indonesia and South Korea were priced much lower than the price in the domestic market of the alleged countries.
The petitioner claimed that this was causing material injury to the domestic industry in Malaysia. The investigation has led to Miti imposing anti-dumping duties on HRCs imported from China and South Korea.
Imports from Benxi Beiying Iron and Steel Group Imp and Exp Corporation Limited will be charged a levy of 6.35%, Benxi Iron and Steel (Group) Int’l Economic and Trading Co Ltd 3.49%, Shanxi Taigang Stainless Steel Company Limited 2.49%, Rizhao Steel Wire Company Limited and others at 12.19% while Indonesian HRC imports, from PT Krakatau Steel (Persero) Tbk and others will be imposed a levy of 11.20%.
Miti also imposed duties for imports of chequered coils from China at 15.62% and 25.40% for Indonesia. Imports of P&O from China will be charged 15.62% while those from Indonesia are at 20.56%.
Miti said that merchandise originating from South Korea were not imposed duties as there was no dumping margin because the volume of imports of subject merchandise is at negligible level.
The collection of anti-dumping duties will be enforced by the Royal Malaysian Customs and the measurement will be effective for 5 years starting from this Saturday.
With the imposition of anti-dumping duties on imports of HRC from the alleged countries, it is expected that the issue of unfair trade practices will be addressed.
