Malaysia launches flat steel anti-dumping probe
Malaysia has initiated an anti-dumping duty investigation into imports of flat-rolled products of iron or non-alloy steel originating in or exported from China, India, Japan and South Korea, Kallanish notes.
The country's Ministry of Investment, Trade and Industry (MITI) says in a statement that the government received on 15 July a petition from domestic producer Perusahaan Sadur Timah Malaysia (Perstima) Berhad, requesting for an anti-dumping duty investigation on these imports.
The petitioner alleged that these flats imports of a width of 600mm or more, clad, plated or coated with tin were sold at a price much lower than their domestic selling price in the alleged countries.
The petitioner further claimed the dumped imports have increased in terms of absolute quantity and have caused material injury to the domestic industry.
"The government has assessed and considered the information and evidences of dumping, injury and causal link set out in the petition and decided to initiate an anti-dumping duty investigation on imports of subject merchandise from the alleged countries," says MITI.
In accordance with the act and the regulations, MITI says a preliminary determination will be made within 120 days from the date of initiation. If the preliminary determination is affirmative, it notes the government will impose a provisional antidumping duty at the rate necessary to prevent further injury to the domestic industry.
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Anonymous
Very good overview of the weekly steel market.
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