MITI issues final anti-dumping determination for CR stainless steel from Indonesia and Vietnam
May 20, 2021
On 23 April 2021, the Ministry of International Trade and Industry (MITI), Malaysia issued its final determination under the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994 in respect of the importation of cold rolled stainless steel in coils, sheets or any other form (‘subject merchandise‘) originating or exported from the Republic of Indonesia and the Socialist Republic of Vietnam.
After a full investigation of the matter, MITI found that in certain cases the export price of the subject merchandise were lower than their normal value in the country of origin and the domestic industry in Malaysia producing the like merchandise had suffered material injury in terms of import volume, market share, price undercutting, price suppression, price depression, production and capacity utilisation, sales volume and turnover, profitability, cash flow, return on investment and return on total assets, that can be reasonably linked to the importation of the subject merchandise into Malaysia.
