KUALA LUMPUR: The government is imposing a provisional anti-dumping duties ranging from 7.27 per cent to 111.61 per cent on imports of cold-rolled stainless steel (CRSS) from China, South Korea, Taiwan and Thailand.
In a statement today, the Ministry of International Trade and Industry said it had completed the investigation on imports of CRSS and found that there are sufficient evidences to continue with further investigation on the importation of CRSS from the alleged countries.
“Therefore, the Government has decided to impose a provisional measure, which shall be 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,” it said.
The ministry said the investigation had been initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on 15 May 2017 based on a petition filed by Bahru Stainless Sdn Bhd on behalf of the domestic industry producing CRSS.
Bahru Stainless alleged that imports of CRSS from the alleged countries are being dumped into Malaysia at a price much lower than their domestic price, causing material injury to the domestic industry.