Malaysia Upholds Anti-Dumping Duties on Chinese and Japanese Steel

In a strategic trade decisions, Malaysia announced on Saturday that it will uphold anti-dumping duties on imports of cold rolled coils of iron and non-alloy steel from China and Japan, with widths exceeding 1,300 mm.

This move comes as part of Malaysia's efforts to protect its domestic industry, despite deciding to lift similar duties on imports from South Korea and Vietnam starting Monday. The duties are structured to last for a five-year period but will not apply to specific items such as tin mill black plate, automotive goods, and finwall for transformers.

Chinese producers are facing varied duty rates, ranging from 4.82% to 8.74%, while Japanese exporters are being charged a consistent duty of 26.39%, indicating Malaysia's rigorous stance against dumping practices.

(With inputs from agencies.)