By MARK RAO / Pic By BLOOMBERG
The government will continue with its probe on alleged illegal dumping of cold-rolled stainless steel (CRSS) imports into the country.
International Trade and Industry Ministry (MITI) said in a statement yesterday that the authorities have completed the preliminary anti-dumping investigation concerning the CRSS imports from the China, South Korea, Taiwan and Thailand.
MITI said it was found that there are “sufficient evidences” to continue with further investigation on the matter.
Thus, the government has decided to implement provisional anti-dumping duties which are to be equivalent to the amount of the dumping margins discovered in the preliminary determination.
“The provisional antidumping duties ranging from 7.27% to 111.61% will be applied on imports from the alleged countries and shall be effective not more than 120 days from Oct 12 this year,” the ministry said.
The government-led investigation was undertaken after Bahru Stainless Sdn Bhd — acting on behalf of the domestic industry producing CRSS — filed a petition that claimed that imports of CRSS from the
alleged countries are being dumped into Malaysia at a price much lower than their domestic price.
Bahru Stainless claimed this is causing material injury to the domestic industry.
The investigation by the relevant authorities is being conducted in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994.
Interested parties can have access to the non-confidential version of the public report on the preliminary determination by submitting a written request to MITI.