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Higher duties imposed on Chinese, Indonesian cold rolled steel

Released at: 14:07, 05/05/2016

Higher duties imposed on Chinese, Indonesian cold rolled steel

Following a review, MoIT announces new anti-dumping rates on imports from China, Indonesia, Malaysia and Taiwan.

by Hung Nguyen

The Ministry of Industry and Trade (MoIT) has announced the results of a review into anti-dumping duties on cold rolled steel imported from China, Malaysia, Indonesia and Taiwan.

Duties on Chinese imports will increase from 4.64-6.87 per cent to 17.47-25.35 per cent. Those applying to the Shanxi Taigang Stainless Steel Company will go up from 4.64 per cent to 17.47 per cent while those for other Chinese exporters will rise 25.35 per cent.

Indonesian imports will see duties increase from 3.07 per cent to 13.03 per cent while those on Malaysian imports will fall from 10.71 per cent to 9.55 per cent. Those on Taiwanese imports will remain unchanged.

The new rates will be effective from May 14, 2016 to October 6, 2019 and may be changed following any subsequent review.

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