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OFFICIAL PORTAL OF THE

MINISTRY OF INVESTMENT, TRADE AND INDUSTRY

Media Release : Preliminary Determination With Regard To The Investigation On Hot Rolled Coils Imported Into Malaysia

The Government initiated an investigation on the imports of hot rolled coils (HRC) into Malaysia pursuant to the Safeguards Act, 2006 on 10 September 2015 upon receiving a petition for an investigation submitted by Megasteel Sdn. Bhd (The Petitioner). The Petitioner claimed that the imports of HRC into Malaysia have increased from 2012 to 2014 and have caused serious injury to the domestic industry in Malaysia.

Pursuant to section 20 of the Safeguards Act 2006, the Government has completed the investigation and has found that the increase in imports during the period of injury determination does not amount to a sharp and significant increase. The Government also finds that the serious injury could not be linked to imports.

Based on these findings, the Government decided to terminate this investigation on the imports of HRC into Malaysia on 8 January 2016. In light of the current challenges faced by the iron and steel sector, the government will continuously engage the domestic iron and steel industry.


Ministry of International Trade and Industry
11 January 2016

 

About MITI :
The Ministry of Commerce and Industry was established in April 1956 then was renamed as The Ministry of Trade and Industry in February 1972. On 27 October 1990, the Ministry was separated into two Ministries which are; Ministry of International Trade and Industry (MITI) and Ministry of Domestic Trade and Consumer Affairs (KPDN).
MITI is the key driver in making Malaysia the preferred destination for quality investments and enhancing the nation's rising status as a globally competitive trading nation. Its objectives and roles are oriented towards ensuring Malaysia’s rapid economic development and help achieve the country's stated goal of becoming a developed nation by 2020.

 

Media enquiries :
Ministry of International Trade & Industry
Strategic Communications Unit

Tel    :   +603 6200 0082
Fax   :   +603 6206 4293
E-mail  : allpegkomunikasikorporat@miti.gov.my


Last Updated 2016-12-16 10:42:05 by

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