28
Jun
10:47
Malaysia rejects wire rod safeguard appeal
The Kuala Lumpur High Court has rejected a review application submitted by the Steel Wire Association of Malaysia (Swam) which would have called into question safeguard duties on imports of wire rod and bar-in-coil. The decision marks a victory for upstream producers over consumers, Kallanish notes.
Swam had argued that safeguard duties were hurting their operations. They would see their supply restricted to domestic producers and their costs increase, while the…
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Anonymous
Very good overview of the weekly steel market.
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