The Malaysian government has announced that it has initiated a safeguard investigation regarding imports of wire rod and deformed bar in coils upon the complaint lodged by the Malaysia Steel Association (MSA).
In its complaint, the MSA alleged that imports of the mentioned products increased by 35.98 percent from 786,608 mt for the period from October 1, 2012 to September 30, 2013 to 1.07 million mt for the period from October 1, 2013 to September 30, 2014 and continued to increase by 23.07 percent to 1.32 million mt for the period from October 1, 2014 to September 30, 2015. According to the MSA, the increased imports have caused serious injury to the domestic market.
The goods under investigation are currently classified under Harmonized System Code Numbers 7213.10.000, 7213.91.000 and 7227.91.000.