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
Correction to rationale for alumina index, fob Australia on October 4
Freeport-McMoRan is in the process of ramping up its new copper smelter in Gresik, Indonesia, in a move that has seen the company switch away from being a marketer of concentrates as it becomes a fully integrated producer in the country, the company's chief executive officer Kathleen Quirk told Fastmarkets in an interview during the London Metal Exchange (LME) Week 2024.
Long-term demand trends in the copper sector may reduce cyclical price moves driven by short term factors impacting sentiment, Freeport-McMoRan's chief executive officer Kathleen Quirk told Fastmarkets in an interview during the London Metal Exchange (LME) Week 2024.
Mining executives are weighing the benefits and challenges of Chinese partnerships while grappling with price slumps and the looming impact of the US Inflation Reduction Act.
Chilean copper producer Codelco has not yet concluded negotiations for its 2025 premium offer to European customers but remains optimistic that the recent stimulus in China will provide a further boost to demand, the company’s chairman told Fastmarkets.
The process to pick a partner for Codelco’s lithium properties in the Maricunga salt flat is highly competitive, with a result due at the start of 2025, the company’s chairman told Fastmarkets.