Malaysia Imposes AD Duty on CR Stainless Steel Imports
Bernama reported that the Malaysian government has imposed anti-dumping duties on imports of cold rolled stainless steel in coil, sheet or any other form originating or exported from Indonesia and Vietnam. Malaysia’s Ministry of International Trade and Industry said that the antidumping duty for Indonesia is 8.80-34.82% and Vietnam 7.81-23.84%. MITI said that “The duties are equivalent to the amount of the dumping margins that has been determined. The collection of anti-dumping duty on the subject merchandise has been enforced by the Royal Malaysian Customs Department for five years from April 24, 2021 to April 23, 2026. The imposition of the anti-dumping duties on the subject merchandise from these countries is expected to address the issue of unfair trade practices.”
On July 28, 2020, the government initiated an anti-dumping investigation into the subject merchandise originating or exported from Indonesia and Vietnam in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994. The probe was based on a petition filed by Bahru Stainless Sdn Bhd, the sole steel-producing domestic manufacturer.