Malaysia Launches Anti-Dumping Probe on Steel Imports from China, South Korea, and Vietnam
[tintuc]
Malaysia has initiated an anti-dumping investigation into alleged dumping of flat-rolled steel products from China, South Korea, and Vietnam. The move follows a complaint filed by CSC Steel Sdn Bhd, a subsidiary of CSC Steel Holdings Bhd, alleging that imported galvanized iron and steel coils or sheets are being sold at prices below normal market value, causing significant harm to the Malaysian steel industry.
The Malaysian government, based on Section 20 of the Countervailing and Anti-Dumping Duties Act 1993, has determined sufficient evidence to warrant an anti-dumping investigation. The Ministry of Investment, Trade, and Industry (MITI) has identified several negative impacts on the domestic industry, including increased import volumes, reduced market share, declining profitability, price undercutting, and an inability to raise capital.
MITI will now seek evidence and arguments from all stakeholders, including the governments of China, South Korea, and Vietnam. The investigation will determine whether these imports are indeed being dumped and causing material injury to the Malaysian steel industry, which could lead to the imposition of anti-dumping duties.
This is not the first time Malaysian steel producers have raised concerns about unfair trade practices. In July 2024, a unit of Mycron Steel Bhd challenged the government's decision to lift anti-dumping duties on certain steel imports. In August, MITI initiated an anti-dumping investigation into imports from China, India, Japan, and South Korea following a petition by Perusahaan Sadur Timah Malaysia Bhd. In October, another investigation was launched regarding alleged dumping of steel wire rods from China, Indonesia, and Vietnam, based on a petition by Southern Steel Bhd.
The current investigation will involve distributing questionnaires to local steel producers, importers, and exporters from the three countries in question. Other interested parties have 15 days to request participation and 30 days to submit their responses.
MITI emphasized that this investigation is part of Malaysia’s broader commitment to protecting domestic industries from unfair trade practices while adhering to international trade regulations and transparency standards.
[/tintuc]
Malaysia has initiated an anti-dumping investigation into alleged dumping of flat-rolled steel products from China, South Korea, and Vietnam. The move follows a complaint filed by CSC Steel Sdn Bhd, a subsidiary of CSC Steel Holdings Bhd, alleging that imported galvanized iron and steel coils or sheets are being sold at prices below normal market value, causing significant harm to the Malaysian steel industry.
The Malaysian government, based on Section 20 of the Countervailing and Anti-Dumping Duties Act 1993, has determined sufficient evidence to warrant an anti-dumping investigation. The Ministry of Investment, Trade, and Industry (MITI) has identified several negative impacts on the domestic industry, including increased import volumes, reduced market share, declining profitability, price undercutting, and an inability to raise capital.
MITI will now seek evidence and arguments from all stakeholders, including the governments of China, South Korea, and Vietnam. The investigation will determine whether these imports are indeed being dumped and causing material injury to the Malaysian steel industry, which could lead to the imposition of anti-dumping duties.
This is not the first time Malaysian steel producers have raised concerns about unfair trade practices. In July 2024, a unit of Mycron Steel Bhd challenged the government's decision to lift anti-dumping duties on certain steel imports. In August, MITI initiated an anti-dumping investigation into imports from China, India, Japan, and South Korea following a petition by Perusahaan Sadur Timah Malaysia Bhd. In October, another investigation was launched regarding alleged dumping of steel wire rods from China, Indonesia, and Vietnam, based on a petition by Southern Steel Bhd.
The current investigation will involve distributing questionnaires to local steel producers, importers, and exporters from the three countries in question. Other interested parties have 15 days to request participation and 30 days to submit their responses.
MITI emphasized that this investigation is part of Malaysia’s broader commitment to protecting domestic industries from unfair trade practices while adhering to international trade regulations and transparency standards.
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