[SMM Anti-Dumping Analysis] What is the impact of Malaysia's initiation of an anti-circumvention investigation on galvanized steel coils/sheets from China?

• Timeline

July 4, 2025
According to the Anti-Subsidy and Anti-Dumping Duties Act 1993, the Malaysian government has made a preliminary ruling to impose provisional anti-dumping duties on galvanized steel coils/sheets originating in or exported from China, South Korea, and Vietnam, with duty rates ranging from 3.86% to 57.90%. The final ruling on formal duty imposition must be made within 120 days from July 7, 2025.

February 6, 2025
The Ministry of Investment, Trade and Industry of Malaysia issued a notice stating that, in response to an application submitted by the domestic producer CSC Steel Sdn. Bhd., it has initiated an anti-dumping investigation on galvanized sheets [Flat-rolled Products of iron alloy or non-alloy steel, plated or coated with zinc, using hot dip process (galvanised iron coils/sheets or galvanised steel coils/sheets)] originating in or imported from China, South Korea, and Vietnam.
Total exports of the involved products increased by 19.04% YoY, and total exports to Malaysia increased by 1.27% YoY

Figure 1 - China's Total Exports of the Involved Products and YoY Growth from 2022 to May 2025 (10,000 mt)

According to data from the General Administration of Customs, the exports of the involved products in China doubled in 2023. By 2024, the annual exports of the involved products reached 8.6188 million mt, with a YoY growth rate exceeding 200%. As of May this year, the exports stood at 5.9296 million mt, up 19.04% YoY (exports in the same period of 2024 were 4.9811 million mt), with a monthly average of 1.1859 million mt.

Figure 2 - China's Total Exports of the Involved Products to Malaysia and YoY Growth from 2022 to May 2025 (10,000 mt)

China's exports of the involved products to Malaysia have also been increasing year by year, from 17,400 mt/year in 2022 to 28,500 mt/year in 2023, and then to 143,200 mt/year in 2024. Based on the data for the first five months of this year, China exported 54,300 mt of the involved products to Malaysia, up approximately 1.27% YoY (exports in the same period of 2024 were 53,600 mt), with a monthly average of 10,800 mt in the first four months, accounting for 0.91% of the monthly average of domestic exports of the involved products.

• The share of China's exports of the involved products to Malaysia is less than 1%, with a relatively limited impact

Table 1 - Ratio of Total Exports of the Involved Products to Malaysia to China's Total Exports from 2022 to May 2025

In terms of the total exports of the involved products to Malaysia as a share of China's total exports, the proportion has not exceeded 1.5% in any year, indicating a relatively small overall share.
Overall, according to data from the General Administration of Customs, the total exports of the involved products from China to Malaysia in the first five months of 2025 were only 54,200 mt, accounting for less than 1% of China's total exports of the involved products, with a relatively small overall impact. This is not on the same scale as the total exports of the involved products in China. In extreme cases, this may lead to a decrease of 54,300 mt in China's total exports YoY in 2026. SMM will track in real time the progress and impact of overseas anti-dumping investigations on steel. Please stay tuned for relevant reports. For more information, follow SMM's official account~