00:00The Malaysian steel industry has singled out China's rapid expansion in the sector
00:05as one of the causes of excess manufacturing that has led to a probe by the U.S. government.
00:11The Malaysian Iron and Steel Industry Federation noted that steel exports from China amounted to
00:16119 million tons last year, the highest since 2015. Missif President Roshan M. Abdullah told
00:24FMT this surge has contributed to heightened competitive price pressures across many regions,
00:30including Southeast Asia. However, Roshan said Malaysia's steel exports to the U.S. remains
00:35relatively modest. He said the increase in U.S. tires from 25% to 50% in June 2025 had
00:43affected
00:44the competitiveness of Malaysian steel exports to the U.S. market. Nonetheless, he also cited other
00:50reasons for the trade imbalance in the steel industry. For instance, he said economic downturns
00:55and government interventions can also contribute to the disparity. Last week, the U.S. government
01:01launched a probe into Malaysia and 14 other countries over structural excess capacity and
01:06production in the manufacturing sector. Narita Raja, F&T.
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