KUALA LUMPUR:Malaysia has imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years, its Ministry of International Trade and Industry said on Wednesday.
The duties on flat-rolled products of non-alloy steel plated or coated with aluminum and zinc, come after an anti-dumping investigation was carried out on behalf of the domestic industry, the ministry said.
The investigation found that "the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries", it said in a statement.
The tax would range between 2.18% to 18.88% for products from China, and 9.98% to 34.94% for products from South Korea, and 3.06% to 37.14% for products from Vietnam.
The duties came into effect on Dec. 12 and will be imposed until Dec. 11, 2025.
Vietnam made a similar move on Wednesday, putting duties on some coil or sheet cold-rolled steel products originating from China, also for five years, starting Dec. 28.
Reuters
Wed Dec 23 2020
The investigation found that 'the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries'. AFPpic
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