China `Concerned' About U.S. Investigation Into Possible Dumping of Steel

[marmar]

China ‘Highly Concerned’ About U.S. Probe on Steel (Update1)
By Chia-Peck Wong


April 11 (Bloomberg) -- China’s government is “highly concerned” about the U.S. steel industry’s petition to the State Department and the International Trade Commission to investigate whether Chinese products were dumped in that country.

The application will have a “significant impact” on exports of Chinese steel products to the U.S., Yao Jian, a spokesman for China’s Ministry of Commerce, said in a statement posted on its Web site.

“Blindly accusing importers of dumping or giving countervailing duties without proof and seeking trade protectionism won’t solve the real problems confronting the U.S. industry,” Yao said in the statement, dated yesterday.

The U.S.’s application follows the European Union’s decision to levy anti-dumping tariffs on Chinese steel products, after anti-protectionism pledges were made at the G20 meeting earlier this year. Mills in China, the world’s biggest producer of steel, benefit from subsidies for so-called oil-country tubular goods which are sold in the U.S.

The EU announced tariffs as high as 24.2 percent on steel pipes and tubes from China on April 8 to help producers including ArcelorMittal fend off cheaper imports.

Steel is used widely in the construction, energy and engineering industries. Allegations of dumping typically rise when demand is weak, analyst Luo Wei said. .........(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=am6sKhRpSxZs&refer=home

[panader0]

1. And yet, all of the steel from the trade towers went to China

and in such a hurry that there was none left to examine for explosive residues.

[madrchsod]

2. they have been dumping since the mid 90`s....

[bkkyosemite]

3. Go to hell China...Made in USA!