Malaysia says Vietnam dumping cold rolled stainless steel
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Malaysia has slapped anti-dumping duties on Vietnamese cold-rolled stainless steel after completing a preliminary determination.
The duties, ranging between 7.73 percent and 34.82 percent, have been imposed for three months starting December 26 on coils, sheets and all other forms of cold-rolled stainless steel, Malaysia’s Ministry of International Trade and Industry said in a statement.
The country initiated the anti-dumping investigation on July 28 based on a petition by Bahru Stainless Sdn. Bhd., which claimed Vietnamese steel is being imported into Malaysia at a price lower than the selling price in Vietnam, which has caused it major injury.
Malaysia will conclude the investigation before April 23, 2021. Similar steel products from Indonesia were also slapped with the duties.
Last week Malaysia had also imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam.
Questions & Answers
Q.What prompted Malaysia to investigate Vietnamese cold-rolled stainless steel?
What prompted Malaysia to investigate Vietnamese cold-rolled stainless steel?
Malaysia initiated the anti-dumping investigation after receiving a petition from Bahru Stainless Sdn. Bhd. The company claimed that Vietnamese steel was being imported at prices lower than its selling price in Vietnam, causing them significant harm.
Q.When did these anti-dumping duties come into effect and how long will they last?
When did these anti-dumping duties come into effect and how long will they last?
The duties came into effect on December 26 and have been imposed for a period of three months. Malaysia's Ministry of International Trade and Industry confirmed this in their statement.
Q.Have other countries faced similar anti-dumping measures from Malaysia recently for steel products?
Have other countries faced similar anti-dumping measures from Malaysia recently for steel products?
Yes, similar steel products from Indonesia were also hit with duties. Also, Malaysia imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea, and Vietnam last week.
Q.What is the range of anti-dumping duties applied to Vietnamese cold-rolled stainless steel?
What is the range of anti-dumping duties applied to Vietnamese cold-rolled stainless steel?
The duties imposed on Vietnamese cold-rolled stainless steel vary significantly. They range from a minimum of 7.73 percent to a maximum of 34.82 percent, as announced by Malaysia's Ministry of International Trade and Industry.
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