Malaysia Imposes Anti-Dumping Duties on Steel Imports from China, South Korea, and Vietnam

Economy

Malaysia Imposes Anti-Dumping Duties on Steel Imports from China, South Korea, and Vietnam

5 months ago

News sources:

REUTERS

CHANNELNEWSASIA

TRTGLOBAL

Malaysia Imposes Anti-Dumping Duties on Steel Imports from China, South Korea, and Vietnam

Credited from: REUTERS

Malaysia has imposed provisional anti-dumping duties of 3.86% to 57.90% on steel imports.
The duties affect imports from China, South Korea, and Vietnam.
This measure is aimed at protecting the domestic steel industry.
The provisional duties are valid for up to 120 days, with a final decision by November 3.

Malaysia has announced the imposition of provisional anti-dumping duties ranging from 3.86% to 57.90% on certain iron and steel imports specifically from China, South Korea, and Vietnam. This decision follows a preliminary determination made during an anti-dumping investigation that began on February 6, according to Reuters and Channel News Asia.

The duties primarily target imports of galvanised iron coils or sheets and were instituted under the assertion that there is sufficient evidence of dumping affecting the local market. “The provisional measure is necessary to prevent further injury to the domestic industry,” the Ministry of Investment, Trade and Industry stated, as reported by TRT Global and Channel News Asia.

This measure will remain in effect for up to 120 days, with a conclusive determination expected by November 3. The move reflects Malaysia's ongoing efforts to safeguard its domestic steel production capabilities amidst competitive import pressures, according to Reuters, Channel News Asia, and TRT Global.