Anti-dumping investigation to address steel wire rod from 3 countries

Malaysia’s Investment, Trade and Industry Ministry (MITI) has launched an anti-dumping duty investigation into steel wire rods originating from or exported by China, Indonesia, and Vietnam.

Per multiple media reports, a statement from MITI said that its probe follows a petition filed by Southern Steel Bhd, a domestic producer that alleged that imports from the countries were being sold at prices lower than domestic products. It also claims that the dumped imports have increased significantly causing material injury to the domestic industry, the ministry said.

The investigation was initiated under Section 20 of the Countervailing & Anti-Dumping Duties Act 1993 and Regulation 7 of the Countervailing & Anti-Dumping Duties Regulations 1994.

“A preliminary determination will be made within 120 days from the initiation date. If the preliminary determination is affirmative, the government will impose a provisional anti-dumping duty at the necessary rate to prevent further injury to the domestic industry,” the statement said.