Afternoon Highlight (23/10/12/183/658)Govt completes initial anti-dumping probe on steel

Govt completes initial anti-dumping probe on steel


KUALA LUMPUR: The Government has completed the preliminary investigation on anti-dumping of imports of steel wire rods (SWR) and has found sufficient evidence to continue with further investigation on the importation of SWR from Taiwan, Indonesia, South Korea and Turkey.

In a statement, the International Trade and Industry Ministry (Miti) said the Government had completed the preliminary investigation as provided under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993.

The Government has found that there is sufficient evidence to continue with further investigation on the importations of SWR from the alleged countries.

“The Government has decided to impose a provisional measure, which shall take the form of provisional anti-dumping duty guaranteed by a security equal to the amount of the dumping margin determined through the preliminary investigation.

“Provisional anti-dumping duties ranging from nil to 33.62% 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,” Miti said.

It added that the final determination would be made based on the outcome of the verification visits to foreign producers’ premises no later than 120 days from the date of the notice of the preliminary determination report.

To recap, on May 28, the Government initiated an anti-dumping investigation based on a petition filed by Amsteel Mills Sdn Bhd on behalf of the domestic industry producing SWR.

The petitioner alleges that imports of steel wire rods originating in or exported from Taiwan, Indonesia, South Korea and Turkey are being imported into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this is causing material injury to the domestic industry in Malaysia.

Interested parties can have access to the non-confidential version of the public report on the preliminary determination by submitting a written request to Miti.

Source : The Star
Date : 23 October 2012
Afternoon Highlight (23/10/12/183/658)