China's iron and steel issues to launch an attack on the USA, Europe different way - Sep, 7, 2008

According to the French "Tribune" reported on September 5 said that if the European steel industry can understand the United States to the WTO on China's iron and steel by the Ombudsman, they will jointly with the United States against the Chinese occupation of the steel market, but they do not come together. U.S. China policy in taxes and quotas on the number of metallurgical coke and raw materials such as molybdenum, and other man-made lower domestic prices, to raise international prices, in violation of WTO rules, to the disadvantage of U.S. manufacturers.

Reported that the European Iron and Steel Association, said that a few months ago, the United States informed on the actions of the Association, the Association expressed his understanding, but behind the scenes, the European industry to the U.S. holders of the above acts of great skepticism, because they believe that the United States The general election just around the corner, the move seems not the most effective solution, not 23 cases Nabuxialai. European Iron and Steel Institute is the approach taken in dialogue, and the Association since the autumn of 2007 submitted to the EU against China's anti-dumping investigation into three complaints, galvanized iron sheet, stainless steel plate and wire, the EU has officially launched investigations; non-European Pipe Association this summer to slit the fourth European Union has also filed complaints.

Reported that Chinese steel exports to the EU from 2003's 300,000 tons in 2007 surged to 10 million tons, which the European Union first of all a solution through consultations, in 2006 China agreed on some steel products for export taxes, but failed to 2006-2007 block in the doubling of steel exports to the EU, after the EU launched anti-dumping investigation in steel exports to the EU decreased significantly, particularly those involving anti-dumping investigations in the products. According to the European Iron and Steel Institute forecasts, with the present in terms of imports, it is estimated that this year in steel exports to the EU to 4.7 million tons. Reported that Europe does not seem to intend to discard the current results support the United States, not to mention that the European trade protectionism in the United States is particularly tough on steel, this will be of steel in the volume of exports into Europe.

Source: Ministry of Commerce website