Government to impose anti-dumping duties on CRSS imports

Steel factory. — file pic. // Photo: Pixabay

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KUALA LUMPUR: The government has completed the preliminary anti-dumping investigation concerning imports of cold-rolled stainless steel (CRSS) from the People’s Republic of China, Republic of Korea, Chinese Taipei and Thailand and found that there are sufficient evidences to continue with further investigation on CRSS imports from these countries.

The government has decided to impose a provisional measure in the form of provisional anti-dumping duties guaranteed by a security equivalent to the amount of the dumping margins determined in the preliminary determination.

The provisional anti-dumping duties ranging from 7.27 per cent to 111.61 per cent will be applied on imports from the alleged offending countries and shall be effective not more than 120 days from Oct 12.

The investigation was initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on May 15 based on a petition filed by Bahru Stainless Sdn Bhd (the petitioner) on behalf of the domestic CRSS industry.

The petitioner alleged that imports of CRSS from the alleged offending countries are being dumped into Malaysia at a price much lower than their domestic price, causing material injury to the domestic industry in Malaysia.

Interested parties (importers, foreign producers/exporters and associations related to the investigation) can have access to the non-confidential version of the public report on the Preliminary Determination by submitting a written request to the Ministry of International Trade and Industry (MITI). — Bernama