October 2, 2007

European steelmakers against China

European steelmakers are preparing to lodge a complaint in the coming weeks against China for selling finished steel products in Europe at below cost. When a dumping complaint is filed with the European Commission, the panel then has to launch an investigation to see whether the charges stand up before taking a decision on retaliation. Commission spokesman for trade issues Peter Power stressed that the Chinese steel imports were "a complex issue" because there are also many European users happy with cheap Chinese products.

Imports of Chinese-made finished steel products into Europe are booming and are expected to double this year, according to Eurofer, a confederation of European iron and steel makers.

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