Steel stocks fall ahead of govt decision on safeguard duties

Ann Joo's long term profitability hinges on measures to curb cheap imports of bars and rods from China

PETALING JAYA: Several steel stocks fell ahead of a government decision on safeguard duties on some products.

According to a business weekly, the Ministry of International Trade and Industry (Miti) would make its final decision by April 10 on safeguard duties following complaints about the tax system that was unfavourable to local players.