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Excessive Trade Protection Caused By The Lack Of Adjustment Of Steel Prices

     In response to the US anti-dumping and countervailing investigation of carbon steel and alloy steel cold-drawn mechanical pipes imported from China, Wang Hejun, director of the Trade Remedy Investigation Bureau of the Ministry of Commerce of the People's Republic of China, said in a statement on May 11 that excessive trade protection measures led to US steel companies The lack of industrial restructuring and the loss of international competitiveness, not only damage the interests of trade partners, but also help solve the problems facing the US steel industry.


     May 10, the US Department of Commerce issued a notice on China, Germany, India, Italy, South Korea and Switzerland imports of carbon steel and alloy steel cold drawn mechanical pipe initiated anti-dumping investigations, while China and India, the counter-subsidy of these products survey.


     Wang Hejun pointed out that the United States frequently on imports of steel products to initiate trade remedy investigations and take restrictive measures have aroused great concern of the WTO members. According to the US International Trade Commission statistics, from 2000 to 2016, the United States a total of 283 foreign imports of relief measures, of which 147 are for steel products, accounting for 52%. Excessive trade protection measures led to the lack of industrial restructuring and the loss of international competitiveness of US steel companies, not only harm the interests of trade partners, but also help solve the problems facing the US steel industry.


     Wang Hejun stressed that China has always opposed the abuse of trade remedy investigation. Frequent trade remedy measures will not only help to alleviate the damage claimed by US applicants, but also necessarily affect the interests of the US downstream industry. It is hoped that the US investigative authorities will prudently and fairly handle the case and create a stable and predictable market environment for the trade and cooperation of the steel industry.



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