Miti Orders Anti-Dumping Probe into Steel Wire Rod Imports

Investigation Initiated Following Complaint from Domestic Producer

The Malaysian Ministry of International Trade and Industry (Miti) has announced that it will be conducting an anti-dumping investigation into steel wire rods imported from China, Indonesia, and Vietnam. This decision follows a petition filed by Southern Steel Bhd, a domestic steel producer, which claims that the imported products are being sold at prices lower than those of domestic products.

Southern Steel’s Allegations

According to Southern Steel, the imported steel wire rods are being sold at dumped prices, which have increased significantly, causing material injury to the domestic industry. The company believes that the low-priced imports have made it difficult for local producers to compete in the market, resulting in losses and harm to the industry as a whole.

Investigation Process

The anti-dumping investigation will be conducted in accordance with the country’s anti-dumping laws and regulations. The process will involve a preliminary determination, which is expected to 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 a rate necessary to prevent further injury to the domestic industry.

FAQs

* What is the purpose of the anti-dumping investigation?
The purpose of the investigation is to determine whether the imports from China, Indonesia, and Vietnam are being dumped (sold at prices lower than their normal value in the exporting country) and whether they are causing material injury to the domestic industry.
* What is the expected duration of the investigation?
The preliminary determination is expected to be made within 120 days from the initiation date.
* What will happen if the preliminary determination is affirmative?
If the preliminary determination is affirmative, the government will impose a provisional anti-dumping duty at a rate necessary to prevent further injury to the domestic industry.

Conclusion

The anti-dumping investigation is a crucial step in protecting the domestic steel industry from the adverse effects of dumped imports. The move is expected to help level the playing field for local producers and ensure that they can compete fairly in the market. The outcome of the investigation will depend on the findings of the inquiry and the decision of the Miti.