Govt Imposes Provisional Anti-Dumping Duties on CRSS Imports From 4 Coutries

KUALA LUMPUR, Oct 12 (Bernama) -- The Government has decided to impose a provisional anti-dumping duties ranging from 7.27 per cent to 111.61 per cent on cold-rolled stainless steel (CRSS) imports from China, South Korea, Chinese Taipei and Thailand. In a statement today, the Ministry of International Trade and Industry (MITI), said the measure shall be effective not more than 120 days from Oct 12, 2017. “The government has completed the preliminary anti-dumping investigation concerning imports of CRSS from these countries and found that there are sufficient evidences to continue with further investigation on the importation of CRSS from the alleged countries,” it said. MITI said the investigation has been initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on May 15, 2017 based on a petition filed by Bahru Stainless Sdn Bhd (the petitioner) on behalf of the domestic industry producing CRSS. It said the petitioner alleged that imports of CRSS from the alleged countries were being dumped into Malaysia at a price much lower than their domestic price, causing material injury to the industry in Malaysia. – BERNAMA