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Malaysia: Govt to probe steel imports on claims cheap imports damaging domestic sector

The Government is investigating claims that cheap imports of several types of steel products have caused “material injury” to the operations of domestic steel millers.

The International Trade and Industry Ministry (Miti) said it would consider imposing a “preliminary anti-dumping duty” if the prices of imported hot rolled coils (HRC), chequered coils and pickled and oiled (P&O) coils from China, Indonesia and South Korea are found to be much lower than their own domestic market.

The investigation was initiated following a petition from a domestic producer on May 20. A preliminary determination would be made within 120 days from the date of initiation.

“If the preliminary determination is affirmative, the Government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury,” Miti said in a statement yesterday.

It said the petitioner alleged that imports of HRC, chequered coils and P&O coils originating in or exported from China, Indonesia and Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries.

“The petitioner claims that this has caused material injury to the domestic industry in Malaysia,” Miti said.

The petitioner also claimed that the imports from the alleged countries have increased in terms of absolute quantity, which has resulted the petitioner to suffer material injury, among others, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.

In relation to this investigation, Miti has provided a set of questionnaires and called all interested parties (importers, foreign producers, exporters and associations) to request for the questionnaires no later than July 2.

“Interested parties are also invited to make their views known in writing, in particular by replying to the questionnaires with supporting evidence to Miti before July 27,” Miti said.

Source – Star Publications

(www.yaang.com)

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