SRN News : Malaysia ends anti-dumping probe into Taiwan hot-rolled coils

Thursday, November 22, 2012

Malaysia ends anti-dumping probe into Taiwan hot-rolled coils

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KUALA LUMPUR (Reuters) - Malaysia has decided to end an anti-dumping investigation on imports of hot-rolled coils from Taiwan after the country's sole flat steel producer Megasteel Sdn Bhd withdrew its petition and requested the probe be terminated, the Ministry of International Trade and Industries said in a statement on Thursday.

It had started investing the case in July after Megasteel, a unit of Lion Corp Bhd, claimed that imports of the steel products had caused serious injury to the domestic industry, the ministry said.

The ministry did not disclose the reason behind Megasteel's petition withdrawal. Officials in Megasteel could not be reached for immediate comment.

(Reporting by Yantoultra Ngui; editing by Jason Neely)

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