Malaysia's decision to lift HRC anti-dumping duties to level playing field

The decision by the Malaysian government to stop levying anti-dumping duties on imported materials will create a more level playing field for hot-rolled coil (HRC) producers in China and Indonesia looking to export to Malaysia, market sources told Fastmarkets MB.

Malaysia will remove anti-dumping tariffs on hot-rolled coils from China and Indonesia effective Saturday February 9. The duties range from 2.49% to 25.4% and have been in place since 2015 to help lower costs among end users given that Malaysia has no domestic HRC industry, according to an official document dated January 29. Imported HRC in Malaysia is typically $5-10 per tonne higher than that in key benchmark market Vietnam, a Malaysian trader said. The lifting of the tariffs would...

Published

Paul Lim

Miranda Song

February 04, 2019

03:00 GMT

Shanghai, Singapore