The government has, therefore, decided to impose definitive anti-dumping duties on the importation of the subject merchandise from China, which is equivalent to the amount of the dumping margins. The International Trade and Industry Ministry (MITI) said it has conducted and completed a detailed investigation concerning the merchandise in question, in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994. MITI said it will impose 9.47% anti-dumping duties on Silvery Dragon Prestressed Materials Co Ltd Tianjin, 2.09% on Tianjin Dalu Steel Strand For Prestressed Co Ltd, and 21.72% on other producers/exporters. "The Royal Malaysian Customs Department will enforce the collection of anti-dumping duties on the imports of the subject merchandise for a period of five years, effective from Dec 25, 2021 to Dec 24, 2026. "With the imposition of anti-dumping duties on imports of the subject merchandise from China, it is expected that the issue of unfair trade practices will be addressed," MITI added.

Source: The Edge Markets December 24, 2021 18:23 UTC