IT was sweet victory for many local steel wire rod (SWR) makers last Wednesday, when the Government finally came around to imposing anti-dumping duties on SWR from selected companies in China, Taiwan, South Korea and Indonesia.
This marks the first anti-dumping action on a steel product taken by Malaysia. For the past three years, the Government had tolerated significant inflow of cheaper imported steel products - including SWR - into the country in the spirit of the Asean Free Trade Area (FTA) and Asean-China FTA agreements.