Malaysia places anti-dumping duties on flat-rolled steel from Vietnam
VOV.VN - Malaysia has moved to impose anti-dumping duties on certain flat-rolled steel products that originate from Vietnam, along with those from China and the Republic of Korea (RoK), for five years.
According to the Malaysian Ministry of International Trade and Industry (MITI), the duties imposed on flat-rolled products of non-alloy steel plated or those coated with aluminum and zinc, come following an anti-dumping investigation carried out on behalf of the Malaysian industry.
The inquiry conducted by the MITI found that subject merchandise is being imported into Malaysia at a price which is lower than the selling price in the three countries named in the investigation.
Moving forward, the nation will be levied duties at between 3.06% and 37.14%, while China will be taxed at between 2.18% and 18.88%, with the RoK taxed between 9.98% and 34.94%.
The duties initially came into effect on December 12 and are set to be imposed until December 11, 2025.
This comes after Malaysia had previously imposed a provisional anti-dumping duty on non-alloy steel products that are plated or coated with aluminum and zinc which originate from China, the RoK, and Vietnam. Moving forward, the anti-dumping duty on these products will be effective for a period of 120 days from August 14.
