Source: The Edge
Malaysia will impose provisional anti-dumping duties ranging from 3.33% to 16.13% on imports of galvanised iron (GI) from China and Vietnam for not more than 120 days effective today.
The ministry of international trade and industry (Miti) said this follows the completion of the preliminary determination into the anti-dumping investigation concerning imports of flat rolled product of iron alloy or non-alloy steel, plated or coated with zinc, using hot dip process originating in or imported from China and Vietnam.
"(We have) found that there are sufficient evidences to continue further with the investigation on the importation of GI from the alleged countries," the ministry said in a statement today.
The investigation has been initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulations 1994 based on a petition filed by FIW Steel Sdn Bhd on behalf of the domestic industry producing GI on July 25.
FIW Steel had alleged that imports of GI from China and Vietnam are being dumped into Malaysia at a price much lower than their domestic selling price, causing material injury to the domestic industry.