BRUSSELS, April 14 (Bernama-dpa) — EU negotiators have agreed to tighten steel import rules, sharply reducing the volume that can enter the bloc duty-free in a bid to protect domestic producers, reported German news agency dpa. Negotiators from the EU member states and the European Parliament agreed late Monday that the annual duty-free import quota for steel will be capped at 18.3 million tons, around 47 per cent less than before. Additional imports will face a tariff of 50 per cent, double the previous rate, according to a statement from the EU member states. Cheap steel exports from China, India […]

Manufacturers warn higher import costs could damage construction, engineering and factory output.

SEPANG: The Royal Malaysian Customs Department (JKDM), through its COBRA enforcement unit, has seized six containers loaded with steel imported without valid permits during an operation at Port Klang on January 19. KLIA Customs director Zulkifli Muhammad said inspections revealed the containers carried various types of steel weighing 145,281 kilogrammes, believed to have been shipped …