If hefty import by the US to curbs steel and aluminium on over capacity supply country like China and besides others including Malaysia with trades laws comes into force,thurs may dampened demands in steel exports supplying countries which may resulted and affected their profits margin in the long,so continuing buying steel counters at such a high price is still risks.
that article was posted by Tan KW and quoted from Reuters. But i couldnt find it in Reuters. i found it from other sources. It was without mentioning Malaysia's name. Can Tan pls post the link where it is quoted from? This is to prevent fake news from spreading around.
WASHINGTON: The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. ""The steel imports included Malaysia.""
but they did propose 53% on Malaysia at Country specific option
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OrlandoOIL
4,909 posts
Posted by OrlandoOIL > 2018-02-17 11:24 | Report Abuse
Oh o can't sell to US
China wil dump it's steel to everywhere else in d world?