The Ministry of International Trade and Industry of Malaysia announced on April 26 that after a detailed investigation, it finally found and ruled that cold-rolled stainless steel coils originating in or exported from Indonesia and Vietnam were exported to Malaysia at a lower price than those in Indonesia and Vietnam. It also caused substantial damage to similar industries in Malaysia, so it was decided to impose a five-year anti-dumping duty on imports of these products under investigation from April 24, 2021 to April 23, 2026. The tax rate is: Indonesia 8.80%-34.82% , Vietnam 7.81%-23.84%.
On July 28, 2020, in response to the application of BAHRU Stainless Sdn. Bhd. (a subsidiary of Acerinox), the only domestic manufacturer of similar products, the Malaysian government has Anti-dumping investigations were initiated on the import of coils.
