Thailand continues to levy anti-dumping duties on hot-rolled steel coils from China and Malaysia for 5 years

According to a report by the Thai World Daily on July 25th, the Ministry of Commerce revealed that on the 10th of this month, the government gazette announced the results of the Dumping and Subsidy Review Committee's review of the necessity of implementing anti-dumping duties in accordance with Article 57 of the 1999 Foreign Goods Anti Dumping and Anti Subsidy Law. It decided to continue to impose anti-dumping duties on hot-rolled steel coils and steel plates from China and Malaysia, with unchanged tax rates for a period of 5 years, covering 162 goods. Chinese goods will be subject to an anti-dumping duty of 30.91% of the CIF price, while Malaysian goods will be subject to an anti-dumping duty of 23.57% -42.51% of the CIF price, valid from July 11, 2023 to July 10, 2028. The exemption from anti-dumping duties or a 0% tax on the above-mentioned goods applies to imports used in the shipbuilding and ship repair industries, with a total annual import volume not exceeding 1000 tons. Additionally, for the mold industry, the total annual import volume also does not exceed 1000 tons. Including goods imported for production and export in accordance with the National Industrial Park Law, Investment Promotion Law, and Customs Law. Thailand has been imposing anti-dumping duties on hot-rolled steel coils and plates from China and Malaysia since 2011, and has reviewed the necessity of taxation in 2016 and 2022, respectively.