Malaysia’s trade ministry initiates an anti-dumping (AD) investigation on imports of stranded steel wires from China. Domestic steelmakers claimed that Chinese imports are being dumped at prices much lower than the domestic selling price.
The government received a request from a steelmaker, Southern PC Steel Sdn Bhd to carry out an AD investigation on imports of stranded steel wires from China. In a statement, the Ministry of International Trade and Industry (MITI) said this was requested amid a sharp rise in imports of stranded steel wires into Malaysia at a price much lower than the selling price in China’s domestic market. This has been causing a negative impact on the quality of materials available in the market at a competitive price, hampering the local industry.
In response to the request, MITI has decided to initiate an anti-dumping investigation on imports of the subject merchandise from China. Preliminary investigation and determination would be made within 120 days from the date of initiation and if found affirmative, duties would be imposed, it added.
MITI has prepared a questionnaire to interested and involved insiders in the subject merchandise. The last date of the request for the questionnaires is April 15 and suggestions in writing and supporting evidence are to be submitted latest by April 30. If no additional information is received within the specified period, the government will make its preliminary findings based on the available facts.