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Article: Duty cuts will enhance steel industry
- Article from:
- New Straits Times
- Article date:
- June 19, 2009
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New Straits Times
06-19-2009
Duty cuts will enhance steel industry
Edition: Main/Lifestyle
Section: Business Times
Type: News
LIBERALISATION of Malaysia's steel sector beginning August will increase the competitiveness of domestic companies and benefit the construction sector, International Trade and Industry Minister Datuk Mustapa Mohamed says.
"Prices will be more competitive and domestic players will be better positioned to export products. We will make it easier for the construction companies to import the long steel bars," he said at a media briefing in Kuala Lumpur yesterday.
The ministry announced a reduction in import duties for flat products of non-Asean origin as well as select ...