[ 06-10-2015 ]
MITI Completes Preliminary Anti-dumping Probe On Steel Coils From China, Vietnam
KUALA LUMPUR, Sept 25 (Bernama) -- The Ministry of International Trade and Industry (MITI) has completed the preliminary anti-dumping investigation on the imports of steel coils from China and Vietnam.
In a statement Thursday, MITI said under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993, it found there was sufficient evidence to continue with further probe on the importation of pre-painted, painted or colour-coated steel coils (PPCCSC) from the alleged countries.
The petition was filed by FIW Steel Sdn Bhd on behalf of the domestic industry producing PPCCSC, who alleged the Chinese and Vietnamese imports were cheaper than the selling price in the domestic market of the alleged countries.
"The government has decided to impose a provisional measure, which shall be in the form of provisional anti-dumping duties guaranteed by a security equivalent to the amount of the dumping margin determined in the preliminary investigation.
"Provisional anti-dumping duties, from 5.68 per cent to 52.10 per cent, will be applied on imports from the alleged countries and shall be effective not more than 120 days from the date of the government gazette," it said.
MITI said based on the findings of the investigation, a final determination would be made no later than Jan 23, 2016.
Interested parties could have the access to the non-confidential version of the public report on the preliminary determination by submitting a written request to MITI.