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Malaysia imposes 5-year antidumping duties on steel imports

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Malaysia imposes 5-year antidumping duties on steel imports

Malaysia, which concluded an anti-dumping probe on behalf of its local industry on imports of cold rolled iron or non-alloy steel coil, imposed duties on China, Japan, South Korea and Vietnam, Reuters reported Dec. 26, citing Malaysia's Ministry of International Trade and Industry.

The Southeast Asian country imposed a duty of 26.39% on all Japanese producers, 26.38% on most Chinese producers and 3.84% on South Korean exporters, except POSCO, which had no duty imposed.

The duties are effective from Dec. 25 and will be valid for five years until Dec. 24, 2024.

Previously in December, the Thai government renewed an anti-dumping duty imposed on cold-reduced coiled and uncoiled carbon steel from China, Vietnam and Taiwan for five years.

Vietnam imposed five-year anti-dumping duties in late October on color-coated steel products from China and South Korea.