MITI imposes anti-dumping duties on steel bars from Singapore, Turkey

KUALA LUMPUR: The government has imposed final affirmative anti-dumping duties on imports of steel concrete reinforcing bars from Singapore and Turkey after concluding its investigation into the matter.

According to the International Trade and Industry Ministry (MITI), an investigation under the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 was conducted after a was petition filed by the Malaysia Steel Association on behalf of the domestic producers.

“The petitioner alleged that merchandise originating or exported from Singapore and Turkey are being imported at a price lower than the selling price in their domestic markets, causing material injury to the domestic industry in Malaysia producing the like product,” it said in a statement today.

The anti-dumping duties were imposed on Natsteel Holdings Pte Ltd at 4.97% and the others in Singapore at 17.65%).

As for Turkey, the duties were imposed on Diler Iron and Steel Co Inc at 3.62% and others at 20.09%), while Colakoglu Metalurji A.S. is exempted.

MITI said the collection of anti-dumping duties from these countries and the measure would be effective for five years from today.

“With the imposition of anti-dumping duties on imports of the merchandise from these countries, it is expected that the issue of unfair trade practices is addressed,” it added. – Jan 22, 2020, Bernama

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