Ministry Of Commerce: Hoped That The EU Will Take Relevant Restrictions

- May 25, 2018-

In response to the European Commission’s announcement on the 24th that it had decided to launch an anti-dumping investigation on hot-rolled steel sheet piles imported from China, the relevant person in charge of the Ministry of Commerce issued a statement on the 24th, hoping that the EU would seriously assess its overall interests and carefully adopt relevant restrictions.

Wang Hejun, director of the Trade Relief and Investigation Bureau, said that in recent years, the European Union has continuously implemented anti-dumping and countervailing measures on various steel products in China. In March this year, the European Union launched a global safeguard investigation on imported steel products, and the European Union continuously launched trade remedy investigations in the steel field. Actually, the over-protection of the EU steel industry is not conducive to the long-term development and upgrading of the EU steel industry. It also undermines the interests of EU steel users and seriously interferes with normal EU-China steel trade.

Wang Hejun stressed that the downturn in the world economy has led to shrinking demand, which is the root cause of the global steel industry downturn. The fundamental way out for solving the iron and steel problem is the concerted action of all countries, which will enable the global economy to embark on the path of stable development as soon as possible. Recklessly adopting trade restrictions will not help solve the problem.

Wang Hejun said that China hopes that the EU will exercise restraint and use trade remedy measures to strengthen cooperation among countries, advance trade liberalization and facilitation, and consolidate the foundation for world economic recovery so as to expand overall demand and solve the difficulties faced by the steel industry.

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