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M'sian steel counters rally after introduction of safeguard duties

40 countries affected by new ruling, but industry players say that China is main culprit with its dumping activities

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Battling cheaper imports, Malaysia's steel coil and reinforced bar manufacturers received some respite this week after provisional safeguard duties of 13-14 per cent were imposed on steel coils and reinforced bars from 40 countries including China.

Kuala Lumpur

BATTLING cheaper imports, Malaysia's steel coil and reinforced bar manufacturers received some respite this week after provisional safeguard duties of 13-14 per cent were imposed on steel coils and reinforced bars from 40 countries including China.

A number of counters