Some reader raise issue on liberalisation of steel industry. In fact, due to logistic problem, not many of our steel manufacturer export their goods. One exception is FACB Industrial Incorporated Bhd. A stainless steel pipe manufacturer in Shah Alam, Malaysia.
FACB Industrial Incorporated Bhd export 90% of it output of stainless steel pipe via it subsidiary, Kanzan Tetsu Sdn Bhd. Majority of it to US.
However, at one point of time. FACB has been accused of "dumping" it good into US. US government has sent a team to the company's factory to investigate whether there is any dumping or not.
Two years ago. When the world steel price drop to a very low level. US government impose anti-dumping import duty on steel export from China and some other country. Even Malaysian government impose similar import duty on steel imported from China.
I think FACB Ind is affected at that point of time. It goods was impose an anti-dumping import duty on it selling price thus reduce competitiveness. However, steel market react very quickly. Steel price has been escalated and US has since removed its import tariff.
This is how US government treated other developing country on globalization. US government would not hesitate to take unilateral move to protect it own industry while it want others country to open up their market to them.
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