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Malaysia imposes 52% anti dumping duty on color coated steel from China-The 17th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
1/26/2016 Stainless Steel Industry expo |
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The Star reported that Malaysian International Trade and Industry Ministry has completed the anti-dumping investigation on the imports of steel coils from China and Vietnam and all producers and exporters of pre-painted, painted or colour-coated steel coils from China were imposed anti-dumping duties of 52.1%. The Royal Malaysian Customs will enforce the collection of anti-dumping duties and this measure will be effective for five years, from Jan 24, 2016.
All producers and exporters from China were imposed anti-dumping duties of 52.1%, Vietnam¡¯s Maruichi Sun Steel Joint Stock Company (12.06%), NS Bluescope Vietnam Ltd (34.85%), other producers/exporters (34.85%) while Nam Kim Steel Joint Stock Company is not eligible for any anti-dumping duties.
In a statement on Friday, it said the detailed investigation on producers and importers in Malaysia, as well as producers/exporters from the two countries, was in accordance with the countervailing and Anti-dumping Duties Act, 1993.
The investigation was on pre-painted, painted or colour-coated steel coils (PPCCSC) from the alleged countries.
A petition was filed by FIW Steel Sdn Bhd on behalf of the domestic industry producing PPCCSC, who alleged the Chinese and Vietnamese imports were cheaper than the selling price in the domestic market of the alleged countries.
-The 17th China(Guangzhou)Int''l Stainless
Steel Industry Exhibition
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