MALAYSIA Tanah Tumpah Darahku


Friday, September 29, 2023

Govt slaps anti-dumping duties on Japanese cold-rolled coils

The government has imposed anti-dumping duties on Japanese cold-rolled coils following the completion of its investigations, which began on Jan 31, 2023, based on a petition filed by Mycron Steel CRC Sdn Bhd.

In a statement today, the Investment, Trade and Industry Ministry said a final determination had been made to impose anti-dumping duties on cold-rolled coils of alloy or non-alloy steel of a thickness between 0.20mm to 2.60mm and width between 700mm to 1,300mm.

The ministry said the investigation, per the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994, has excluded tin mill black plate or cold-rolled coils imported for automotive or electric and electronic endusages originating or exported from Japan.

It said a 9.03 percent duty was imposed on products from the Nippon Steel Corporation, while other manufacturers were slapped with a 22.62 percent duty.

“The Royal Malaysian Customs Department will enforce the collection of the anti-dumping duties for a period of five years, effective Sept 29, 2023 to Sept 28, 2028. The imposition of anti-dumping duties on exports of subject merchandise from Japan is expected to address the unfair trade practices,” the ministry said.

The ministry said the government excluded duties for the producers and exporters with de minimis dumping margin, which were Daido Steel Co Ltd and JFE Steel Corporation.

“Interested parties such as local producers, importers, foreign producers/exporters, and associations related to the investigation can access the non-confidential version of the final determination report by submitting a written request to the ministry,” it added.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.