Malaysia sets AD duty on CRC from China, Vietnam and South Korea
Malaysia has imposed antidumping (AD) duties on CRC imports from China, Vietnam and South Korea to protect domestic producers from unfair imports.
On October 8, 2021, the Ministry of International Trade and Industry (MITI) of Malaysia has announced its decision to impose final AD duties ranging from 0% to 42.08% on “CRC of alloy and non-alloy steel with 0.2-2.6 mm thickness and 700-1300 mm width” imports from China, Vietnam and South Korea, according to the official document.
“The continued imposition of the AD duty for the subject merchandise originating or exported from China, South Korea and Vietnam is necessary to offset dumping and the termination of AD duty would be likely to lead to continuation or recurrence of dumping and injury to the domestic industry,” MITI stated.
China has received 35.89-42.08% duty depending on supplier, while Vietnam and South Korea 7.42-33.70% and 0-21.64% respectively, depending on supplier. The duties will be effective for five years from October 9, 2021 to October 8, 2026.
The Malaysian government has initiated an administrative review in April 2021. The review was initiated in response to a petition from domestic steelmaker Mycron Steel CRC Sdn. Bhd on March 15, 2021.