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PETALING JAYA: The government has accomplished a preliminary determination on the investigation on anti-dumping of cold rolled coils or non-alloy metal (CRC) measuring greater than 1,300mm in width from international locations overseas and found satisfactory facts to continue investigating.
The inquiry will continue with its investigation on the import of CRC from China, Japan, South Korea and Vietnam, following area 23 of the Countervailing and Anti-Dumping tasks Act 1993.
“meanwhile, the govt has decided to impose a provisional measure, within the variety of provisional anti-dumping obligations guaranteed by a security akin to the amount of the dumping margins determined in the preliminary resolution,” the Ministry of overseas change and trade (Miti) spoke of in an announcement issued nowadays.
The provisional anti-dumping obligations starting from nil to will apply to the import of the field merchandise from the mentioned countries and will be valuable “now not greater than a hundred and twenty days from these days (August 27, 2019)”.
“The provisional measure will exclude tin mill black plate and subject merchandise imported for the goal of automotive and finwall transformer end utilization,” the ministry said.
The investigation became initiated in line with the Act according to a petition filed via Mycron steel CRC Sdn Bhd, on behalf of the domestic trade producing identical products.
They (Mycron and the home business) claimed that the import of CRC originating or exported from the outlined international locations, are being imported into Malaysia at a reduce cost than that which is obtainable and offered in the domestic market.
This, they declare, has led to material damage to the domestic business in Malaysia.
Miti additionally pointed out a last resolution into the be counted may be made no later than December 24, 2019.