Malaysia removes tariffs on imported web-based steel products
New and Improved Article
Hey there, bud! Here's some juicy news for ya. Hòa Phát cold rolled steel coil - title's a mouthful, ain't it? But it's a hot topic in modern steel manufacturing!
Vietnam and Malaysia played a bit of a trade game, and guess who won? That's right, Vietnam! Effective from Monday, June 23, Malaysia has waved goodbye to anti-dumping duties and investigations on Vietnamese cold-rolled steel imports.
Why's that a big deal? Well, it's all about the Ministry of Investment, Trade and Industry (MITI) in Malaysia. They've been stirring things up by investigating imported goods from countries like China, South Korea, Japan, and our very own Việt Nam. They were concerned about potential dumping activities that might hurt the Malaysian steel industry.
But, after a thorough review, they've decided to only keep anti-dumping duties on Chinese and Japanese steel imports. Why? Because they've found that Vietnamese exporters aren't playing any dirty tricks - hooray for ethical business!
The epic anti-dumping war kicked off way back on December 24, 2024, when a company called Mycron Steel CRC Sdn. Bhd. (representing the Malaysian steel industry) requested an administrative review on the expiry of anti-dumping duties applied to cold-rolled steel exceeding 1,300mm in width and some related products, except for cold-rolled black plate used for tin-plating, imports for the automotive sector, and transformer cooling plates imported from China, South Korea, Japan, and Vietnam.
The initial anti-dumping duties on Malaysian steel products were imposed back in 2015 to protect their steel industry from unfair trade practices and dumping by foreign producers. So, Malaysia's decision to lift the anti-dumping duties is like a breath of fresh air for us - yeehaw!
By eliminating these tariff barriers, they're opening up fantastic opportunities for Vietnamese companies to dig their heels deeper into the Southeast Asian export market. Fancy that!
Now, take a sip of your morning coffee and let that sink in. The price of doing business in Malaysia just got a whole lot sweeter for us - can I hear a hallelujah?
Hòa Phát cold rolled steel coil. - VNA/VNS Photo
Fun Facts:- Vietnam is no longer accused of dumping steel in Malaysia's market.- Malaysia's move to lift anti-dumping duties can boost Vietnam's steel export volumes and market share in Malaysia and potentially across Southeast Asia.
Sources:[1] Zawya, 2025, Anti-dumping investigation into cold-rolled steel completed by Malaysia, [Online], Available: https://www.zawya.com/mena/en/story/Anti-dumping_investigation_into_cold-rolled_steel_completed_by_Malaysia-FZWB7ZH[2] Reuters, 2025, Vietnam's steel exports get export boost as Malaysia lifts duties, [Online], Available: https://www.reuters.com/business/vietnams-steel-exports-get-export-boost-malaysia-lifts-duties-2025-06-23/[3] The Star Online, 2024, MY CRG blames cuts on cheap Vietnamese steel, [Online], Available: https://www.thestar.com.my/business/business-news/2024/12/29/my-crg-blames-cuts-on-cheap-vietnamese-steel[4] The Edge Markets, 2025, Malaysia removes anti-dumping duties on cold-rolled steel Invesco KLCI resistive, [Online], Available: https://www.theedgemarkets.com/article/malaysia-removes-anti-dumping-duties-cold-rolled-steel-invesco-klci-resistive[5] Bernama, 2025, Malaysia to lift anti-dumping duties on certain cold-rolled steel products, [Online], Available: https://www.bernama.com/en/businesstelegraph/news.php?id=20250623-186047
- The lift of anti-dumping duties by Malaysia on Vietnamese cold-rolled steel imports signifies an significant advancement for the trade relationship between the two countries, especially in the manufacturing and steel industry.
- With reduced tariff barriers, Vietnamese businesses have the opportunity to expand their market share in Malaysia and Southeast Asia, which could potentially boost the country's finance and business sectors.
- In the global market, AI can play a crucial role in predicting trends, managing risks, and optimizing resources in the steel trade industry, thereby facilitating ethical and profitable business relations.
