Tripling of tax on Malaysian exports urged

Nov 03, 2010 | 12:23 PM | Megawati Wijaya

The Malaysian government is being urged to triple export taxes on ferrous scrap to 30 percent or an additional 350 ringgit ($113) per tonne, whichever is higher.

If passed, the high tax would be as good as an outright ban.

There is no reason for the government to allow the export of materials that are in short supply in the local market, according to Henry Pheng Chin Guan, secretary of the Malaysia Steel Association (MSA) and chief executive officer of....

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