Malaysia finds proof for further probe on stranded wire imports from China

Malaysia has found sufficient evidence to further probe the importation of stranded wire from China over allegations that the product is being dumped into the country.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Its Ministry of International Trade & Industry (Miti) said on Monday September 9 that it had completed a preliminary investigation but added that it would not impose provisional anti-dumping duties on the imports in the meantime.

The final determination will be made no later than 120 days from September 7, according to the statement.

“The government of Malaysia has decided not to impose provisional anti-dumping duties on imports of stranded wire originating in or exported from the alleged country because there is a need to analyse and verify all the pertinent information such as volume of dumped imports of stranded wire and the scope of subject merchandise from foreign producers before making a proposal on definitive anti-dumping duties,” Miti said.

The anti-dumping investigation was initiated on April 10 2013, following a petition filed by Southern PC Steel Sdn Bhd on behalf of the domestic industry that produces stranded wire.

The Malaysian steelmaker alleged that the Chinese imports were shipped into Malaysia at prices much lower than those in China’s domestic market.

The petitioner claimed that this caused material injury to the domestic industry in Malaysia.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed