Malaysia's Ministry of International Trade and Industry (MITI) announced the imposition of provisional anti-dumping duties on certain flat-rolled products of iron or non-alloy steel imported from China, India, Japan, and South Korea. These products, characterized by a width exceeding 600mm (23.62 inches), will be subject to duties ranging from 2.52% to 36.80%. The measure took effect on January 11 and will remain in place for up to 120 days, with a final decision expected by May 10.

In its statement, the ministry noted that the provisional duties aim to address alleged unfair trade practices. Feedback on the preliminary findings can be submitted by January 20. The ministry launched an investigation in August 2024 following a petition by a local producer, which claimed that imports from the four countries were being sold at prices significantly lower than their domestic market rates. This practice, the petitioner argued, resulted in substantial harm to Malaysia's domestic steel industry.

The investigation and subsequent duties highlight Malaysia's commitment to protecting its domestic industries from the adverse effects of dumped goods. Dumping occurs when a product is exported at a price lower than its normal value in the exporter's home market, giving rise to unfair competition. The ministry emphasized that the provisional duties are an interim measure and that a thorough review will determine the necessity of permanent anti-dumping tariffs.

By initiating this action, Malaysia joins a growing number of nations that are taking steps to safeguard their industries from the negative impacts of dumping, which can include suppressed prices, financial losses, and reduced market share for domestic producers. The government aims to ensure a level playing field for Malaysian manufacturers while adhering to international trade rules.

The final determination, expected by May, will consider all feedback and evidence gathered during the investigation. Depending on the findings, the duties may be adjusted, revoked, or made permanent. This decision will be crucial in shaping the future of Malaysia’s steel industry and its ability to compete in the global market.

Through this move, MITI reaffirms its role in fostering fair trade and supporting local industries against unfair pricing practices by foreign exporters. The outcome of the investigation will be closely watched by stakeholders in Malaysia and abroad, as it may influence trade relations and the broader steel market dynamics in the region.