Malaysia’s Ministry of Industry announced recently that it would start to impose anti-dumping duties of the imported cold rolled coils (CRC) of iron or non-alloy steel from China, Japan, South Korea, and Vietnam. This measure would be effective for five years.Among them, the CRC from Japan would be taxed the most, while South Korea would be taxed the least.
Thus, the imported CRC from Japan would be taxed by 26.39%, and South Korea would be taxed by 3.84%, except POSCO, one of the leading steelmakers in South Korea, which no need to afford any import tariffs.For Chinese steelmakers, Maanshan Iron and Steel Co Ltd would face a 4.76% import tariff while those from Angang Steel Co Ltd were subjected to a 4.82% duty, some of the Chinese manufacturers would face a 26.38% duty.
For Vietnam, POSCO Vietnam Co Ltd faced a 7.7% tariff while other producers were subjected to a 20.13% tariff.Malaysia’s Ministry of International Trade and Industry (MITI) said on December 25th, the Royal Malaysian Customs Department would levy the anti-dumping duties on CRC from China, Japan, South Korea, and Vietnam, this measure would be effective for five years, from December 25th, 2019 to December 24th, 2024
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