Malaysia initiates anti-dumping duty investigation on non-alloy steel
Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of cold-rolled coils of iron or non-alloy steel originating or exported from four countries, including Vietnam, China, Japan and the Republic of Korea.
Malaysia has announced an anti-dumping duty investigation on non-alloy steel from Việt Nam.(Source: satthep.net)
Hanoi (VNS/VNA) - Malaysiahas announced it will initiate an anti-dumping duty investigation on theimports of cold-rolled coils of iron or non-alloy steel originating or exportedfrom four countries, including Vietnam, China, Japan and the Republic of Korea.
The petition, lodged by Malaysian producer Mycron SteelCRC Sdn Bdh, alleged that the import of non-alloy steel of more than 1,300mm inwidth originating or exported from these four countries was being dumped inMalaysia and causing material injury to the domestic industry.
The petitioner said that the imports of non-alloy steel fromthe alleged countries increased in terms of absolute quality, adding that theMalaysian industry suffered from reduction in market share, price undercutting,price depression, price suppression, low production and capacity utilisation,decline in profitability, negative cash flow, low productivity, increase ininventory, inability to raise capital and reduction in return of investment andtotal assets.
“In connection with this investigation, the Ministry ofInternational Trade and Industry will provide a set of questionnaires tointerested parties (importers, foreign producers, exporters and associations),”the Malaysian ministry said in a press release.
“A preliminary determination will be made within 120 daysfrom the date of initiation. If the preliminary determination is affirmative,the Government will impose a provisional anti-dumping duty at the rate that isnecessary to prevent further injury,” the ministry said.
The date of initiation was March 29. In the event noadditional information is received within the specified period, the Governmentwill make its preliminary findings based on the available facts.
Thus, the Trade Remedies Authority of Vietnam urged relevantVietnamese exporters to answer and submit the questionnaires to the Malaysianside on time.-VNS/VNA
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Malaysia has announced an anti-dumping duty investigation on non-alloy steel from Việt Nam.(Source: satthep.net)
