Malaysia makes AD duty on CRC from CHINA, JAPAN, S.KOREA, VIRTNAM
Malaysia’s ministry of infudtry 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. S. KOREA, VIETNAM. And this measure would effective for 5 years.
Among them, the CRC from Japan would be taxed at 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, Mannsian 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 products were subjected to a 20.13% tariff.
Malaysia Ministry of International Trade and Idustry (MITI) said on December 25th, the Royal Malaysian Customs Department would levy the anti-dumping duty on CRC from CHINA, JAPAN, S.KOREA and VIETNAM, this measure would be effective for 5 years, form December 25th, 2019 to 24th December , 2024!