BEIJING, Feb. 16 -- The Malaysian government decided to impose anti-dumping duties on hot rolled steel coil (HRC) imported from China and Indonesia for five years starting from Feb. 15, according to a recent announcement by Malaysian Ministry of International Trade and Industry.
The Malaysian government began anti-dumping investigations into HRC products imported from China, South Korea and Indonesia since June 19, 2014.
According to the announcement, South Korean HRC products were not identified as dumping because the amount of imports was small.
However, HRC products imported from China would face anti-dumping tax.
Benxi Iron and Steel Company and other two steel companies would pay anti-dumping tax of 2.49-6.35 percent. The rest Chinese steel companies would pay 12.19 percent anti-dumping tax for their HRC products. And for chequered coils and P&O, the rate is 15.62 percent.
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