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Malaysia imposes anti-dumping tariffs on Taiwan steel firms

Staff Writer | October 17, 2017
Malaysia has imposed anti-dumping tariffs on steel companies from four countries, including Taiwan.
Taiwan steel
Industry   Bureau of Foreign Trade
This is after accusing them of selling their cold rolled stainless steel products at unfairly low prices, according to Taiwan's Ministry of Economic Affairs (MOEA).

The MOEA's Bureau of Foreign Trade (BOFT) said in a statement that Malaysia's Ministry of International Trade and Industry issued a preliminary ruling on October 11 accusing steel firms from Taiwan, China and South Korea and Thailand of unfair trade practices.

Malaysia said the companies were dumping their cold rolled stainless steel in the Malaysian market, and hit Taiwanese companies with anti-dumping duties ranging between 13.77 percent and 52.17 percent, starting from Oct. 12.

The provisional punishment will continue until February 8, 2018, the BOFT said.

Malaysian authorities are scheduled to come up with a final decision on the case 120 days after the preliminary ruling was issued, the BOFT said.