WikimediaXinhua reported that China has
decried a decision by the United States to impose steep duties on its cold-rolled
flat steel. The Ministry of Commerce said China was strongly dissatisfied with
the US for its final ruling on Chinese exports of cold-rolled flat steel.
It said “The US adopted unfair methods in its anti-dumping and anti-subsidy
probes into Chinese products.”
It added “China is taking action under the World Trade Organization dispute
settlement framework.”
It also said “Since 2015, the US has taken frequent trade remedy measures to
shift its domestic steel industry hardships abroad, violating the principles of
the WTO and disrupting the order of the steel trade.”
It added that the steel industry faces global challenges. Resorting to
protectionism will not solve the problem
On Tuesday, the US Commerce Department set anti-dumping duties of 265.79 percent
and anti-subsidy duties of 256.44 percent on imports of cold-rolled flat steel
from China.
Source : steelguru