China wants more communication with U.S. on steel issue after American firm files trade complaint

China and the United States should improve dialogue and communication on global steel overcapacity, an official of China’s commerce minister said, after U.S. Steel filed a trade complaint alleging malpractices by Chinnes steel firms.

U.S. Steel lodged the complaint with the U.S. International Trade Commission (ITC) under Section 337 of the Tariff Act of 1930 against around 40 Chinese steel producers and their distributors.

The U.S. firm said in a statement its complaint regarded “alleged illegal unfair competition methods and seeks the exclusion of all unfairly traded Chinese steel products from the U.S. market.”

The ITC has up to 30 days to decide whether it will initiate the case.

The unnamed commerce ministry official was quoed as saying by Xinhua that he hoped the ITC would overrule the charges as the provision cited by U.S Steel had mostly been used in intellectual property rights (IPR) dispute cases.

“Steel products are relatively mature and there are no IPR disputes regarding them. Charges of IPR infringement are groundless,” the official said.

The steel industries in the United States and China should strengthen dialogue and communication to jointly address the overcapacity, which is a result of anemic global economic recovery and tepid demand, the official added.

Several countries have accused China of dumping cheal steel in their markets and have introduced anti-dumping duties follwing complaints by their domestic industry.


Leave a Reply

Your email address will not be published.