Malaysia has imposed anti-dumping on iron or non-alloy steel based cold rolled coils (CRC) imported from Japan, China, Vietnam and South Korea. All Japan-based CRC exporters will be charged the highest anti-dumping duty of 26.39pc.
The Malaysian government concluded anti-dumping investigation on Dec 26, concerning imports of cold rolled coils of iron and non-alloy steel and imposed duties between 3.84pc and 26.39pc on iron or non-alloy steel of width more than 1,300m. The imposition of anti-dumping duties is expected to address the unfair trade practice, according to Malaysia’s Ministry of International Trade and Industry (MITI).
Cold-rolled coils imported from China’s Maanshan Iron and Steel will attract a duty of 4.76pc tax, while Angang Steel will be taxed at 4.82pc, Shougang Jingtang United Iron & Steel at 8.74pc and other exporters from China will be taxed at 26.38pc.
|Maanshan Iron and Steel||4.76|
|Shougang Jingtang United Iron & Steel||8.74|
Malaysia imposed 7.7pc duty on cold-rolled coils produced by Posco Vietnam and other Vietnamese companies will be taxed at 20.13pc.
Cold-rolled coils imported from South Korea are subjected to face a 3.84pc duty, except Posco South Korea which is exempt from anti-dumping duty.