Putrajaya slaps anti-dumping duty on firms from China, three others

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Putrajaya slaps anti-dumping duty on firms from China, three others
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Foreign companies have been found exporting their surplus cold rolled coils here to be sold at below the market price, disrupting the local industry.

The International Trade and Industry Ministry today announced the imposition of anti-dumping duties on firms from China, Japan, South Korea and Vietnam exporting cold rolled coils of iron or non-alloy steel to Malaysia, specifically those with more than 1,300mm.

"The investigation was initiated by the government in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on March 29, based on a petition filed by Mycron Steel CRC Sdn Bhd, on behalf of the domestic industry producing cold rolled coils.

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