Legal Limelight: Mycron's Judicial Review Unravels Steel Decisions

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Synopsis:

Mycron Steel's subsidiary, Mycron Steel CRC, gains High Court approval for a judicial review challenging the government's decision to lift antidumping duties on alloy and non-alloy steel in imported cold-rolled coils. This legal move allows the continuation of antidumping duties until a final resolution is reached, providing a spotlight on the intricacies of steel trade regulations and their impact on the industry.

Article:

In a notable legal development, Mycron Steel Bhd's subsidiary, Mycron Steel CRC Sdn Bhd, has received leave from the High Court to pursue a judicial review challenging the government's decisions regarding the removal of antidumping duties on alloy and non-alloy steel in imported cold-rolled coils. This move, granted on November 29, 2023, allows Mycron Steel CRC to initiate the judicial review and stay proceedings against the decisions, ensuring the continuity of antidumping duties until a final determination is reached.

The genesis of this legal recourse dates back to July 25, 2023, when Mycron Steel CRC lodged the judicial review application expressing dissatisfaction with the removal of antidumping duties. The dissatisfaction stemmed from events that unfolded prior to December 28, 2022, when POSCO Vietnam Co Ltd submitted a petition for an administrative review of its antidumping duties, citing substantial changes in its dumping margin.

Upon being notified of the administrative review, Mycron Steel CRC promptly expressed its intent to actively participate in the investigation. However, on June 26, 2023, the Ministry of International Trade and Industry (MITI), the Finance Minister, and the Government collectively decided to eliminate the previously imposed antidumping duties on exports from Korea and Vietnam.

In response to this decision, perceived as detrimental by Mycron Steel CRC, the company filed an application for leave to commence a judicial review and a stay of proceedings on July 25, 2023. The High Court subsequently granted both requests, enabling Mycron Steel CRC to challenge the government's decision through legal channels.

Conclusion:

Mycron Steel's subsidiary, Mycron Steel CRC, stepping into the legal arena with a granted judicial review, highlights the complexities of trade regulations and the implications on the steel industry. This move ensures that antidumping duties remain in effect until a final determination, emphasizing the significance of legal avenues in addressing concerns within the steel trade landscape.

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