KUALA LUMPUR: The government has received a petition from Southern PC Steel Sdn Bhd requesting for an anti-dumping investigation to be conducted on imports of stranded steel wires for prestressing concrete from China.
In a statement, the Ministry of International Trade and Industry (MITI) said the petitioner alleged that imports of the subject merchandise are being dumped into Malaysia at a price much lower than the selling price in China's domestic market and this is causing material injury to the domestic industry in Malaysia.
"The petitioner further claimed that the dumped imports of the subject merchandise have increased in terms of absolute quantity and have caused material injury to the domestic industry.
"The government has evaluated and considered the evidence of dumping, injury and causal link and decided to initiate an anti-dumping investigation on imports of the subject merchandise from the country," it said.
In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, MITI said a preliminary determination will be made within 120 days from the date of initiation.
"If the preliminary determination is affirmative, the government will impose a provisional anti-dumping duty at the rate that is necessary to prevent further injury to the domestic industry," the ministry said.
In connection with the investigation, MITI will distribute questionnaires to interested parties -- importers, local producers, producers or exporters of the subject merchandise in China and relevant association.
Other interested parties may request for the questionnaires in writing to MITI no later than April 15, 2021.
"Interested parties may also provide their views in writing, questionnaire responses and additional supporting evidence to MITI by April 30, 2021.
"In the event no additional information is received within the specified period, the government will make its preliminary findings based on the available facts," it added.
-- BERNAMA
Bernama
Fri Apr 02 2021
In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, MITI said a preliminary determination will be made within 120 days from the date of initiation. BERNAMA pic
Australia's Qantas told to pay $114,000 to 3 sacked workers in landmark outsourcing case
Qantas claims the sackings were warranted as a cost-cutting measure during the COVID-19 pandemic.
After Sinwar's death, Israel aims to lock in strategic gains before US election
Israeli leaders are seeking to reshape regional landscape in Israel's favour and shield its borders from any future attacks, sources said.
Netanyahu told Trump Israel will make decisions based on its interests, PM's office says
Israel is pondering its military reaction to recent Iranian missile strikes.
Ringgit extends positive momentum to open higher against US dollar
The ringgit traded higher against the US Dollar in today's early session, driven by continued buying interest towards the local currency.
BHP faces $47 billion UK lawsuit over Brazilian dam collapse
More than 600,000 Brazilians, 46 local governments, and around 2,000 businesses are suing BHP over the collapse of the dam.
Trump hands out french fries in Pennsylvania, Harris visits Georgia churches
Both candidates were scrambling for votes in the most competitive states.
Brazil's Lula cancels BRICS trip after minor brain hemorrhage from fall
Lula "was advised to avoid long-distance air travel but is otherwise able to carry out his regular duties."
Lebanese flee as blasts hit Beirut, Israel warns of strikes on Hezbollah finance arm
On Sunday Israel said it hit Hezbollah's intelligence headquarters and an underground weapons workshop in Beirut.
87 people killed or missing in northern Gaza's Beit Lahiya, health ministry says
A total of 87 people were killed or missing under the rubble after an Israeli attack on Saturday on northern Gaza's town of Beit Lahiya.
Hundreds of colonists storm Al-Aqsa Mosque under heavy Israeli protection
Hundreds of Israeli colonists stormed the Al-Aqsa Mosque compound on Sunday morning during the fourth day of the Jewish Sukkot festival.
ANALYSIS - What could happen if Trump rejects the US election results
If Trump seems to be losing, the delay could let him claim fraud and undermine confidence in election officials.
Motorcycling - Marquez wins Australian MotoGP after intense battle with Martin
The 31-year-old, third in the championship standings, has now won the Australian MotoGP four times in the premier class.
Prabowo takes up Indonesian presidency, vows to tackle corruption, other issues
Indonesia's Prabowo Subianto on Sunday took over as president of the world's third-largest democracy, vowing to combat internal issues
Nepal's Sherpas deserve more, says teenager who scaled world's 14 tallest peaks
Sherpas are known for climbing skills that make them the backbone of mountain expeditions.
Inside the underground lab in China tasked with solving a physics mystery
China will soon collect neutrino data, aiming to unravel one of particle physics' biggest mysteries.
Millions in Cuba still without power as major outage persists
Millions of Cubans remain without electricity because of a prolonged outage at the main power plants on the island, Anadolu Agency reported.
Surge in Gaza violence increases famine risk, monitor says
About 1.84 million people across the besieged Palestinian enclave are living through high levels of acute food insecurity.
Israel pounds Beirut and Gaza after rockets hit Israel's north
A drone was launched at Prime Minister Benjamin Netanyahu's holiday home.
Elon Musk promises to award $1 mil each day to a signer of his petition
He awarded a $1 million check to an attendee of his event in Pennsylvania aimed at rallying supporters behind Donald Trump.
Former special forces commander Prabowo to take up Indonesian presidency
Indonesia's Prabowo Subianto will take over as president of the world's third-largest democracy after sweeping the country's election with policies like free meals for school children