Malaysia is a net steel mill importer as we import steels from more than 50 countries in the world. In 2016, we were named the world’s fifteenth largest steel importer with 8.9 million metric tons of steel. There was a 16 percent increase from 2015 where we only imported 7.7 million metric tons of steel.
Our country mainly imports steel mill products from China, Japan and South Korea in various forms including long, flat, pipe and tube, stainless and semi-finished. We primarily export steel products to neighbouring countries such as Singapore and Thailand, especially in long products.
Steel products have recently stolen the limelight with greater demand it is expected to see larger boom in the years to come. If you are also looking at importing steels, there are several aspects that you may want to take note.
TARIFF CLASSIFICATION
Cross border trades of any kind will require clarification of your HS Code to notify customs of the exact product that you are bringing in to the country. This is essentially important for customs clearance and to know if you are subject to any duty, taxes or require the application of permits or licenses.
If the steel product is common or has been imported, getting the right HS Code may be easier. But if it is something unique or new in the market, then perhaps you need special consultation from an expert to identify the right tariff for you.
TYPES OF STEEL & ITS FORM
Different types of steel require different handling methods. For example, coils are heavy and may not be stackable, depending on the packaging and types of steel. Manufacturers should be able to advise you but a good transporter will also know the best way in managing the delivery of your steel products.
This issue also applies in storage handling and movement during loading and unloading. An experienced team will have the knowledge of handling your steel cargoes to prevent any damages.
APPLICATION OF PERMITS AND/OR LICENSES
Certain steel mill products will require permits or licenses to be imported. Malaysia’s customs have implemented rules and regulations for such importation and an agent who is well-versed with the application procedure will be very beneficial with you.
HOW CAN MULTI-TRANS HELP YOU?
We are very experienced in handling the importation and transportation of steel products. Our forwarding team is extremely familiar with the customs regulations and the licenses and permits applications for all types of steels required by MITI. Our warehousing staff is also well-equipped with storage handling for different steel products, especially coils, rods and plates.
Should you need more information or require the assistance of a personal consultation, please do not hesitate to contact us. We are more than glad to be your long term logistics partner.