Malaysia has imposed provisional anti-dumping duties on specific exports of flat-rolled iron products and non-alloy steel, as announced by the Ministry of Trade on Monday. The duties, which range from 2.52% to 36.80%, took effect on January 11 and will last for an initial period of up to 120 days. This measure targets products with a width exceeding 600 mm (24 inches) from China, India, Japan, and South Korea. The government aims to protect the domestic industry from what it perceives as unfair trade practices.
The temporary duties are part of a broader strategy to level the playing field for local producers, in accordance with Malaysia's trade policies and laws. These provisional measures serve as a trade remedy to counteract the potential negative impact of low-priced imports on the domestic market. The Ministry of Trade emphasized that the duties are not permanent and are subject to adjustment or removal based on further investigations and evidence.
The affected imports primarily arrive through major ports, including Johor's Pasir Gudang Port, among others. By imposing these duties, Malaysia seeks to ensure fair competition for its domestic producers during the investigation period. This step underscores the government's commitment to safeguarding local industries while adhering to international trade regulations.
The Ministry of Trade has stressed that these duties are provisional and part of an ongoing evaluation process. Depending on the outcomes of further assessments, the duties could be modified or lifted. The imposition of these duties highlights Malaysia's proactive approach in addressing complex trade challenges and maintaining fair market conditions.