Malaysia has made an affirmative preliminary anti-dumping (AD) ruling on imports of stranded steel wires for prestressed concrete imported or originating from China. A temporary AD of 4.46-21.72pc is imposed on cif prices.
Malaysia’s Ministry of International Trade and Industry notified the preliminary anti-dumping ruling on Aug 27 on imports of stranded steel wires for prestressing concrete under HS code 7312.10.91 00. The investigation determined, the export price of these products is less than its normal value and the domestic industry suffered material injury due to the importation of these products into Malaysia.
The anti-dumping investigation was initiated on March 31 in response to a plea submitted by domestic manufacturer, Southern PC Steel.
The tax rate of Chinese manufacturer and exporter Silvery Dragon Prestressed, Tianjin is 4.46pc for Tianjin Dalu Steel it is 9.41pc and for other producers and exporters, the tax rate is 21.72pc.
A final ruling for this AD investigation is scheduled within 120 days from Aug 29.