Malaysia's Ministry of International Trade and Industry (MITI) has announced that the Malaysian government has made a final determination to impose definitive safeguard duties on rebar and wire rod imports into Malaysia for a period of three years.
Accordingly, the final safeguard duty rate for rebar imports stands at 13.42 percent for the period between April 14, 2017 and April 13, 2018, 12.27 percent for the period between April 14, 2018 and April 13, 2019 and 11.10 percent for the period between April 14, 2019 and April 13, 2020.
The final safeguard duty rate for imports of wire rod and deformed bar in coils stands at 13.90 percent for the period between April 15, 2017 and April 14, 2018, 12.90 percent for the period between April 15, 2018 and April 14, 2019 and 11.90 percent for the period between April 15, 2018 and April 14, 2019.
The safeguard investigations for rebar imports and wire rod and deformed bar in coils imports were launched in May last year upon a complaint lodged by the Malaysia Steel Association (MSA).
The products in question currently fall under Customs Tariff Statistics Position Numbers 7214.10.210, 7214.10.290, 7214.10.910, 7214.10.990, 7214.20.210, 7214.20.290, 7214.20.910, 7214.20.990, 7214.30.100, 7214.30.900, 7214.99.210, 7214.99.290, 7214.99.910, 7214.99.990, 7228.10.100, 7228.10.900, 7228.20.100, 7228.20.900, 7228.30.100, 7228.30.900, 7228.40.100, 7228.40.900, 7228.50.100, 7228.50.900, 7228.60.100, 7228.60.900, 7228.80.100, 7228.80.910, 7228.80.990, 7213.10.000, 7213.91.000 and 7227.91.000.