Malaysia imposes anti-dumping duties on HRC from China, Indonesia

Malaysia will impose anti-dumping duties on imports of hot rolled coils from China and Indonesia for five years from Saturday February 14.

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

The duties, ranging from 2.49% to 25.40%, are the result of an investigation on producers and importers in Malaysia as well as producers/exporters from the alleged countries, its Ministry of International Trade & Industry (Miti) said on Friday February 13.

The move followed a petition filed by loss-making Megasteel – a unit of Lion Corp and Malaysia’s sole producer of HRC – on behalf of the domestic industry that alleged flat steel from China, Indonesia and South Korea of being dumped into the country.

Miti cleared South Korea of the claims as it found the volume of imports from that country to be at a “negligible level”.

All HRC imports from Indonesia will be taxed at a rate of 11.20%. The following duties apply for Chinese exporters:

Benxi Beiying Iron & Steel Group Imp and Exp Corp – 6.35%
Benxi Iron & Steel (Group) Int’l Economic & Trading Co – 3.49%
Rizhao Steel Wire Co –12.19%
Shanxi Taigang Stainless Steel Co – 2.49%
Others – 12.19%

Malaysia will also impose a 15.62% duty on Chinese chequered coils, and 25.40% on those from Indonesia.

Chinese pickled and oiled steel coils will be taxed 15.62%, while Indonesian imports will face a 20.56% duty.

“With the imposition of anti-dumping duties on imports of HRC from the alleged countries, it is expected that the issue of unfair trade practices will be addressed,” Miti said.

Last May, William Cheng, the executive chairman of the Lion Group – the parent company of Lion Corp – told the local press that Megasteel had been unable to compete due to cheap imports that was flooding the market. He disclosed the group’s intention to move to Indonesia if it did not receive import duty protection from the Malaysian government.

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