KUALA LUMPUR, Aug 27 (Bernama) -- The Government of Malaysia has completed the preliminary determination of anti-dumping investigation concerning imports of cold rolled coils of iron or non-alloy steel (CRC), of width more than 1300mm from the People's Republic of China, Japan, Republic of Korea and the Socialist Republic of Viet Nam as provided under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993 (the Act) and found that there are sufficient evidences to continue with further investigation on the importation of CRC from the alleged countries.

The Government has also decided to impose a provisional measure, which shall be in the form of provisional anti-dumping duties guaranteed by a security equivalent to the amount of the dumping margins determined in the preliminary determination. Provisional anti-dumping duties ranging from Nil to 26.39% will be applied on imports of subject merchandise from the alleged countries and shall be effective not more than 120 days from 27 August 2019. The provisional measure will exclude tin mill black plate and subject merchandise imported for the purpose of automotive and finwall transformer end usage.

The investigation has been initiated in accordance with the Act and Countervailing and Anti-Dumping Duties Regulation 1994 on 29 March 2019 based on a petition filed by Mycron Steel CRC Sdn. Bhd. (The Petitioner) on behalf of the domestic industry producing the like product. The Petitioner has claimed that imports of CRC originating in or exported from the alleged countries are being imported into Malaysia at a price lower than the selling price in their domestic market. The Petitioner claimed that this has caused material injury to the domestic industry in Malaysia.

A final determination will be made no later than 24 December 2019. Interested parties, such as importers, foreign producers/exporters and associations related to the investigation can have access to the non-confidential version of the report on the Preliminary Determination by submitting a written request to the Ministry of International Trade and Industry (MITI).

About MITI:
MITI is the key driver in making Malaysia the preferred destination for quality investments and enhancing the nation's rising status as a globally competitive trading nation. Its objectives and roles are oriented towards ensuring Malaysia’s rapid economic development and help achieve the country's stated goal of becoming a developed nation.

Source: Ministry of International Trade and Industry (MITI)