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Major customers and classical case > NEWS
Malaysia not to hike import duty on HRC
Publisher:tracy  Date:2011-9-17

Malaysia will not increase the existing import duty of 25 percent for HRC, the Malaysian Ministry of International Trade and Industry determined this after the investigation regarding the same.

The investigation on the imports of HRC was initiated on May 1, 2011 upon the request of Malaysian flat steel producer Megasteel Sdn Bhd, asking for a 35 percent import tax for HRC imports.

After the investigation, the government found out that HRC imports into Malaysia had increased by 35 percent; however, it concluded that this increase has not posed any serious threat or injury to the domestic industry.

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