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Chinese steelmakers not dumping: Commerce Ministry
18/02/2016 12:00
BEIJING - Chinese steelmakers are not engaged in dumping of surplus goods into the European Union (EU), China’s Ministry of Commerce (MOC) said on Wednesday.
In response to an EU antidumping probe, MOC spokesperson Shen Danyang told the press that low preliminary tariffs were not evidence of dumping by China.
Overcapacity is a worldwide industry problem and efforts by Chinese governemnt and enterprises to restructure the steel industry and reduce excess capacity have made head ways, Shen said.
China hopes to deal with overcapacity together with the EU, and protectionism will exacerbate the situation, he said.
Worried that cheep steel from China may prejudice its dometic interests, the European Commission is looking into imports of steel used to reinforce concrete and has imposed provisional duty on them.
In a separate case, the EU is expected rescind antudumping measures on Chinese fastenersin three weeks as the World Trade Organization ruled in January that the measures broke international trade rules.
“We have not verified the news yet, but if that were true, it would be a welcome step against protectionism,” said Shen. “We hope the EU revokes the measures as soon as possible.”
In response to an EU antidumping probe, MOC spokesperson Shen Danyang told the press that low preliminary tariffs were not evidence of dumping by China.
Overcapacity is a worldwide industry problem and efforts by Chinese governemnt and enterprises to restructure the steel industry and reduce excess capacity have made head ways, Shen said.
China hopes to deal with overcapacity together with the EU, and protectionism will exacerbate the situation, he said.
Worried that cheep steel from China may prejudice its dometic interests, the European Commission is looking into imports of steel used to reinforce concrete and has imposed provisional duty on them.
In a separate case, the EU is expected rescind antudumping measures on Chinese fastenersin three weeks as the World Trade Organization ruled in January that the measures broke international trade rules.
“We have not verified the news yet, but if that were true, it would be a welcome step against protectionism,” said Shen. “We hope the EU revokes the measures as soon as possible.”
Source: China Daily
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