The Investment, Trade and Industry Ministry (MITI) will launch an anti-dumping duty investigation into steel wire rods originating from or exported by China, Indonesia, and Vietnam.

In a statement today, MITI said the probe follows a petition filed by Southern Steel Bhd, a domestic producer, which alleges that imports from the countries are being sold at prices lower than domestic products.

Southern Steel also claims that the dumped imports have increased sisnificantly causing material injury to the domestic industry, the ministry said.

The investigation was initiated under Section 20 of the Countervailing & Anti-Dumping Duties Act 1993 and Regulation 7 of the Countervailing & Anti-Dumping Duties Regulations 1994

"A preliminary determination will be made within 120 days from the initiation date. lf the preliminary determination is affirmative, the government will impose a provisional anti- dumping duty at the necessary rate to prevent further injury to the domestic industry., it said

MITI willdistribute questionnaires and relevant documents to interested parties,. including importers, foreign exporters and produ,ers from the alleged countries, their respective governments and relevant trade associations.

Other interested parties wishing to participate in the investigation must request the questionnaires in writing to MIT by Oct 25 and submit their views, responses, and supporting evidence by NoV 9.

Source: Bernama
 

• Viet Nam’s trade surplus with EU expands amid economic headwinds
• Steel, cement and electricity firms to trade emissions quotas under Viet Nam's carbon market
• VCCI proposes 11 recommendations to quantify support for SMEs
• Trump’s copper tariff decision hangs over global metal market
• Global capital sees potential in Europe but calls for lighter regulation