MITI Issues Final Anti-Dumping Determination for Hot Rolled Steel Bars from Turkey and Singapore
23 January 2020
On 21 January 2020, the Ministry of International Trade and Industry (‘MITI’) issued its final determination under the Countervailing and Anti-Dumping Duties Act 1993 and Anti-Dumping Regulations 1994 in respect of certain categories of hot rolled steel bars containing indentations, ribs or other deformation (‘products’) originating or exported from the Republic of Turkey and the Republic of Singapore.
After a full investigation of the matter, MITI found that in certain cases the export price of these products were lower than their normal value in the country of origin and the domestic industry in Malaysia producing the like products had suffered a material injury that can be reasonably linked to the importation of the products into Malaysia. Accordingly, MITI imposed anti-dumping duties of between 3.62% and 20.09% of the value of the products of originating or exported from the Republic of Turkey and between 4.97% and 17.65% of the value of the products originating or exported from the Republic of Singapore. The anti-dumping duties apply for a five-year period from 22 January 2020 to 21 January 2025.
Lim Koon Huan and Manshan Singh of our Trade Remedies Practice Group represented a Singaporean exporter and its Malaysian subsidiary which obtained a reduced dumping margin.