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PETALING JAYA: Malaysia has imposed provisional anti-dumping duties ranging from 7.73% to 34.82% on imports of cold rolled stainless steel in coils, sheets and any other form from Indonesia and Vietnam, following its preliminary investigation over the matter.
The duties will be applied on imports of subject merchandise from the countries and will be effective not more than 120 days from Dec 26, 2020.
The Ministry of Trade and Industry (Miti) has found sufficient evidence for further investigation from its preliminary anti-dumping determination concerning imports of such products from the two countries.
The government initiated the anti-dumping investigation on July 28 this year based on a petition by Bahru Stainless Sdn Bhd, the sole domestic producer of such products in accordance with the Countervailing and Anti-Dumping Duties Regulation 1994.
In the petition, Bahru Stainless claimed that the price of the products imported from the two countries are lower than the selling price in their domestic market and caused material injury to the domestic industry in Malaysia.
Miti said a final determination will be made no later than April 23, 2021.
