Malaysia imposes a temporary anti-dumping tax on cold rolled steel from Indonesia and Vietnam

Earlier, Malaysia also imposed tariffs on flat rolled steel imported from China, South Korea and Vietnam

A preliminary investigation – conducted on behalf of the only Malaysian manufacturer of these products – found that there was enough evidence to continue the investigation, according to the ministry’s information. with cold rolled stainless steel in rolls, sheets or any other form imported into Malaysia.

Reuters on December 28, citing sources from Malaysia’s Ministry of Industry and International Trade, said that the country had imposed temporary tariffs on some cold-rolled stainless steel products imported from Indonesia and Vietnam, while waiting for conclusion of anti-dumping investigation of these products.

The notice from the ministry said: “The government has decided to apply a temporary measure, in the form of a temporary anti-dumping tax to protect the steel industry”, and the tax level will be equivalent to the dumping margin. determined through preliminary investigation.

Accordingly, the tax rates will range from 7.73% to 34.82% and will be applied no more than 120 days from December 26, 2020. This final tax decision will be announced by the Ministry before April 31, 2021.

Last week, Malaysia also imposed anti-dumping duties on some flat rolled steel products imported from China, South Korea and Vietnam, after investigation determined that imported steel was sold at a price. lower than in the country of origin.

Specifically, Reuters on December 23 reported that Malaysia has imposed anti-dumping tax on some flat rolled steel products imported from China, South Korea and Vietnam within 5 years with the following tax rates: from 2.18% to 18.88% for Chinese steel, from 9.98% to 34.94% for Korean steel and from 3.06% to 37.14% for Vietnamese steel products. The period is from 12/12/2020 to 11/12/2025. These taxes apply to flat rolled, plated, or coated aluminum and zinc non-alloy steel.

Reference: Reuters

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