The Ministry of Investment, Trade and Industry (MITI) announced the new anti-dumping investigation on August 14 following a petition by Perusahaan Sadur Timah Malaysia (Perstima), a major player in the local steel industry.
Perstima, which represents Malaysian coated steel producers, claims that imports from these countries are being sold at unfairly low prices and are harming the local steel industry. The company has expressed concerns about increasing competition, particularly from China and South Korea, which are expanding their market share in Malaysia. The situation has worsened since the end of previous anti-dumping duties in 2019, making it difficult for local producers to maintain their market positions both domestically and globally. The investigation comes as global markets worry about the potential impact of China’s high steel export levels. This could put downward pressure on steel prices globally in 2024.
Previously, Malaysia imposed anti-dumping duties ranging from zero to 9.78% on coated steel imports from China and South Korea between November 2013 and November 2018. Now, Perstima aims to take new measures to protect the local industry from unfair trade.
The new investigation focuses on tin-coated sheet products with a width of 600 mm or more. These products are classified under HS codes 7210119000 and 7210129000.
In 2023, China exported a total of 45,004 metric tons of coated steel to Malaysia, a 46% increase, accounting for 55.9% of the market share, making it the country’s largest supplier. China, South Korea, Japan, and India accounted for 94.8% of Malaysia’s coated steel imports, totaling 76,319 metric tons.
Malaysia’s steel imports continued to rise in 2024, with coated steel imports reaching 28,042 metric tons in the first five months, up by 15% from the same period in 2023.
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