Malaysian government has decided to impose definitive anti-dumping duties on the import of stranded steel wires for prestressed concrete from China to address unfair trade practices. Malaysia’s International Trade & Industry ministry said the wires from China were being imported into Malaysia at a price lower than the selling price there, thus affecting domestic producers of the same product. The ministry said it had completed a detailed investigation on the issue in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994. Miti said it will impose 9.47% anti-dumping duties on Silvery Dragon Prestressed Materials Co Ltd Tianjin, 2.09% on Tianjin Dalu Steel Strand For Prestressed Co Ltd and 21.72% on other producers or exporters.The investigation followed a petition filed by Southern PC Steel Sdn Bhd on behalf of the domestic producers in Malaysia
Malaysian government has decided to impose definitive anti-dumping duties on the import of stranded steel wires for prestressed concrete from China to address unfair trade practices. Malaysia’s International Trade & Industry ministry said the wires from China were being imported into Malaysia at a price lower than the selling price there, thus affecting domestic producers of the same product. The ministry said it had completed a detailed investigation on the issue in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994. Miti said it will impose 9.47% anti-dumping duties on Silvery Dragon Prestressed Materials Co Ltd Tianjin, 2.09% on Tianjin Dalu Steel Strand For Prestressed Co Ltd and 21.72% on other producers or exporters.The investigation followed a petition filed by Southern PC Steel Sdn Bhd on behalf of the domestic producers in Malaysia
