Malaysia imposes anti-dumping duties on flat-rolled steel from China, S.Korea, Vietnam
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
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.
Must-Watch Video
Stay updated with our news