07:00 23/06/2025

Malaysia lifts anti-dumping duties on Vietnamese steel

Bình Minh

Malaysia will continue imposing duties on exporters from China and Japan, while terminating duties for relevant exporters from South Korea and Vietnam, effective June 23, 2025.

Illustrative Photo
Illustrative Photo

Malaysia’s Ministry of Investment, Trade and Industry (MITI) on June 21 announced the final outcome of its anti-dumping duty review on imports of cold-rolled steel or non-alloy steel (over 1,300mm in width) from China, South Korea, Japan, and Vietnam, with Vietnam and South Korea lifted from anti-dumping duties, effective from June 23, 2025, according to a report from the Vietnam News Agency.

Three Chinese producers—Angang Steel Company Limited, Maanshan Iron and Steel Company Limited, and Shougang Jingtang United Iron and Steel Company Limited—will face anti-dumping duties ranging from 4.82% to 8.74%. Other Chinese exporters are subject to a 26.38% duty, while all Japanese exporters will incur a 26.39% duty. These measures will remain in force for five years, until June 22, 2030.

In contrast, South Korean and Vietnamese exporters will no longer be subject to duties or further investigation, signaling a favorable outcome for their steel industries.

The review originated from a petition filed by Mycron Steel CRC Sdn. Bhd. on December 24, 2024, on behalf of Malaysia's domestic steel sector. The review excluded specific product categories such as tin mill black plate (TMBP), automotive components, and transformer finwall steel.

The anti-dumping duties, first implemented in 2015 and extended in 2020, were introduced to protect Malaysia’s domestic steel industry from unfairly priced imports.