Thai, Malaysian mills protest over cheap Chinese wire rod
May 29, 2012 | 01:00 AM
Mills in Thailand and Malaysia have lodged complaints with their governments over cheap imports of wire rod from China.
They claim China has been exporting wire rod cheaply into the region by adding boron to the product. Doing so classifies the wire rod under alloy steel instead of low carbon steel, which qualifies it for a 10% tax rebate from the Chinese government and allows it to bypass a 5% import duty.
“Chinese wire rod imports are already 15% cheaper. How can we compete with them?” Tata Steel Thailand vp of marketing and....
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