KUALA LUMPUR: An anti-dumping investigation is to be held into steel wire rods imported from China, Indonesia, and Vietnam, the ministry of investment, trade and industry (Miti) said today.
The probe follows a petition filed by Southern Steel Bhd, a domestic producer, which alleges that imports from the countries are being sold at prices lower than domestic products.
Southern Steel also claims that the dumped imports have increased significantly causing material injury to the domestic industry, the ministry said.
“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 ministry said.