Antidumping rates on painted steel coils from China, Vietnam

Antidumping rates on painted steel coils (PPGI/PPGL) from China, Vietnam.

Malaysian government will impose provisional anti-dumping duties of between 5.68% and 52.10% on imports of prepainted, painted or colour coated steel coils (PPGI/PPGL) from China and Vietnam.

The decision was made after a preliminary probe, which was completed under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993, found that there is sufficient evidence to continue with further investigation on the imports of PPCCSC from China and Vietnam.

The government has therefore decided to impose a provisional measure, which will be in the form of provisional anti-dumping duties guaranteed by a security equivalent to the amount of the dumping margin determined in the preliminary investigation.

The Ministry of International Trade and Industry said in a statement that the implementation of anti-dumping duties will be effective not more than 120 days from the date of the government gazette.

“Based on the findings of the investigation, a final determination will be made no later than Jan 23, 2016,” it added.

The government had on April 28 initiated an anti-dumping probe based on a petition filed by FIW Steel Sdn Bhd on behalf of the local industry.

With final AD result, only Nam Kim Steel Vietnam can offer PPGI/PPGL to Malaysia with import rate 0%.

If you are Malaysian Importers of painted steel coils (PPGI/PPGL), please consider this solution:

IMPORT PAINTED STEEL COILS RATE 0% FROM NAM KIM STEEL VIETNAM

Source: www.thesundaily.my