The Malaysian government has imposed temporary anti-dumping duties on cold rolled stainless steel imports from China, South Korea, Taiwan and Thailand, establishing sufficient evidence to continue their investigation.
The duties, which range from 7.27% to 111.61%, and will be valid for no more than 120 days from today, the Ministry of Trade and Industry said.
The investigation was launched on the basis of a complaint filed by Bahru Stainless Sdn Bhd, a subsidiary of Spanish stainless steel manufacturer Acerinox SA, on behalf of domestic cold rolled stainless steel manufacturers.
The federal newspaper states that duty rates vary depending on companies from different countries.
South Korean companies face the lowest rate of 7.27% apart from Hyundai BNG Steel Co Ltd, Hyundai Steel Company and POSCO, which have not been charged. Meanwhile, companies other than POSCO-Thainox in Thailand face the highest duty at 111.61%.
Malaysian industry representatives have previously advocated protective duties on other steel products such as steel wire rod.
Anti-dumping import duties on cold rolled stainless steel
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Azovpromstal® 13 October 2017 г. 08:52 |
