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Published 07 Feb, 2016 06:49am

EU should take steel dumping claims to WTO: China

BEIJING: China’s Minis­try of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organisation (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel.

WTO members should fulfil their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry’s website on Saturday.

The EC is set to impose provisional duties later this month of up to 16 per cent on China, and of up to 26pc on Russia, following its investigation into alleged dumping by the two countries.

Reuters reported that provisional measures are due to be announced by Feb 14 and definitive duties, if imposed at the conclusion of the investigation, by Aug 12. Such duties would typically apply for five years.

The Commission’s investigation follows a complaint from Eurofer, the European steel association, which said Russia and China were dumping the steel — selling it below market prices at home or below the cost of production — on the EU market and thereby damaging the local industry.

Published in Dawn, February 7th, 2016

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