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In Malaysia, it completed an investigation against South Korea and China

3 March 2015

By decision of the anti-dumping investigation was halted Malaysian authorities against South Korea and China on imports from these countries fittings. According to preliminary investigation, the results of the cost of imported products was fair. In addition, imported fittings, not compete with domestic production of domestic products. At the same time during 2014 imported from the PRC to Malaysia volumes of steel products increased by more than 50.5%. As a result, the level reached the level of 93,780,000. Tons.

Instigator of the investigation was the company «Malaysian Ann Joo Steel». The complaints came after the growth of imports of Chinese steel products. Company officials claimed that the imported fittings — especially coming from South Korea and China — prevents domestic producers. The main negative factor — a low cost product. A decision taken by the authorities are not satisfied with metallurgists Malaysia. Chinese suppliers also gladly accepted the termination of the investigation.

The investigation was conducted with regard to rebar grades HS7228 and HS7214, up to 6 m. According to the authorities, the cost of Korean and Chinese production was within 1% of the domestic fair prices of domestic goods. Also not been proven that the damages received by domestic producers, is connected with the import of the said products. At the same time the investigation period was increased to 30 days. The solution of its termination was made one day before expiry.

Experts in South Korea are actively working on getting new products. Not long ago, a new alloy steel was developed in the camp. His feature — flexibility, lightness and ultra-strength. Another advantage is the ability to produce it in standard equipment. In this alloy costs only 1/10 of the price of a titanium alloy. new alloy Easy allows wide use of it in the aviation and automotive industry. Product density is 13% lower than that of conventional steel. The ratio of strength to weight is almost the same as that of the titanium alloy.

The predecessor of the new alloy has appeared in the USSR in the 70s. Soviet engineers found that the addition of aluminum in the melting process allows easy and highly durable alloy. However, the fragility of it at the same time is unbelievable with high resistance to tearing. Korean scientists have perfected the technology by adding nickel and heat treatment. Before the start of mass production remains to clarify how to protect the alloy from oxidation.

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