The Malaysian government has announced that it has initiated a safeguard investigation regarding imports of reinforcing bars upon the complaint lodged by Malaysia Steel Association (MSA).
In its complaint, the MSA alleged that imports of the mentioned products have increased by 155 percent for the period from October 1, 2014 to September 30, 2015 and the increased imports have caused serious injury due to the declining market share, sales, and profitability, negative cash flow and reduction in employment.
The goods under investigation are currently classified under Harmonized System Code 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 and 7228.80.990.