Malaysia says Vietnam dumping cold rolled stainless steel, imposes duties

By Dat Nguyen   December 29, 2020 | 05:30 pm GMT+7
Malaysia says Vietnam dumping cold rolled stainless steel, imposes duties
A man checks steel quality at Hoa Phat Steel mill in northern Hai Duong Province. Photo by Reuters/Kham.
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.

 
 
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