January 2016

Year oftheFire
Monkey2016

MSI & Related Events inJanuary/February 2016
AMM’S 21ST MEXICAN STEEL FORUM

On behalf of BOD, management and staff of MSI, we would liketo wish all our Chinese friends:“HAPPY CHINESE NEW YEAR”

MODERN ELECTRIC FURNACESTEELMAKING – A PRACTICAL TRAININGSEMINAR

Announcements
Manufacturing Licence (ML) 27 – 29 January 2016 Intercontinental Cancun, Mexico
 T: +1 212 901 3828
 E: marketing@amm.com

Improved duty exemption
procedures through duty
drawback facility

Maintain the current policy on theissuance of ML for new/expansion
project applications, subject to: High technology projects;
 Energy efficient projects;
 projects to produce higher
grade materials which do notcompete with the current
capacity in Malaysia.

For importation of raw materials toproduce finished goods for export,
the current duty drawback
procedures will be furtherimproved.

Threshold for the Export ofScrap Iron

15% Import duty structure
for flat products

The threshold of allowing theexport of scrap iron, will bereduced from 50% to 20%, subject
to domestic consumption. Theexport duty of 10% on scrap iron,will be eliminated.

The import duty structure for flat
products at 15% will remain till endof 2019. The tariff will only bereduced to 0-10% in 2020,instead of 2018.

 1 – 5 February 2016
 Florida, USA T: +1 724 814 3000
 F: +1 724 814 3001
 E: memberservices@aist.org
4TH INTERNATIONAL CONFERENCE ON
THERMOMECHANICAL SIMULATION &PROCESSING OF STEEL (SIMPRO ’16)
 10 – 12 February 2016
 Dubai, UAE
T: +44 (0) 20 7779 7222
E: marketing@metalbulletin.com

Standards for HS7227(Alloy Steel for Wire Rods)
Malaysia is developing its own Malaysian Standard (MS) andin the interim is considering and adapting internationallyrecognised or national standards for
HS7227 (Alloy Steel for Wire Rods).
Once approved, it will then be used as a basis for the implementation ofCertificate of Approval (COA) on the importation of HS7227 products.
The Approval permit (AP) requirement for HS7227 will be lifted after theimplementation of the COA.
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We welcome comments and feedback:T: 03-6270 1399
F: 03-6270 1059
E: admin@malaysiasteelinstitute.com

January 2016

Meeting with Industry Associations on Impact of Global Economic Environment to theManufacturing Sector in Malaysia (13 January 2016)
On 13 January 2016, MITI held consultations with Industry Associations to obtain feedback on the impact of current global
economic environment on the Manufacturing Sector in Malaysia. The event kick started where BNM presented the outlook on
global economic environment, assessment of Malaysia’s growth prospects in the immediate and medium term, challenges andpossible risks. The second paper by MIDF covered an update of oil prices and its implications; and the third and final presentation
by FMM related the concerns of the manufacturing sector. This was followed by intensive exchange of views and ideas.
YB Menteri MITI after listening and engaging to the views and suggestions, reassured the industry that the Government is very
concerned and is taking all possible steps to mitigate impact of the global economic environment. On the specific issues raised,
YB Menteri MITI informed that more sectoral engagements with the different industry players and industry associations will beheld to develop possible comprehensive next steps.

Chief Executive Officer of MSI
The Board of Directors, management and staff of MSI would like to take this opportunity to thank Mr. Tony Lee Khim
Meng for his services rendered to MSI as the Chief Executive Officer (CEO) of MSI since January 2014. We wish him
all the very best in his future undertakings.
In the interim until a new CEO is appointed, for any enquiry related to MSI, you may get in touch with Mr. Subash
Bose Pillai (Advisor, Trade Practices Advisory Services Division) at E: subash@malaysiasteelinstitute.com and copyto Ms. Tharshinye Soomaran E: tharshinye@malaysiasteelinstitute.com; T: 03-6270 1399.
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