Temporary duties on color-coated steel products from Vietnam are set at 5.68%-16.45% from September 26 to January 23 next year, according to the preliminary results of a dumping investigation announced by the Malaysia Ministry of Industry and International Trade (MITI) late last month.
The duties are much lower than 52.1% imposed on the same products imported into Malaysia from mainland China during this period because Chinese exporters did not cooperate with Malaysia in the investigation.
Malaysia launched the dumping probe on April 28 after local firm FIW Steel Sdn. Bhd filed a lawsuit against imported color-coated steel coils.
As the duties are applied temporarily, the Vietnam Competition Authority cited MITI as saying that the concerned parties could submit their complaints and evidence to Malaysia before October 14 to protect their rights and interests.
Malaysia will make a final decision on dumping margins based on available evidence if its investigation agency has not received any new evidence when the deadline is due.
Source: vietnambreakingnews.com | 7 Oct 2015