China and EU seeking ways to solve steel trade disputes: MOC

CRI Online

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It'sbeingsuggestedChineseandEuropeancommerceauthoritiesareactivelylookingfor"anappropriatemechanism"tosolvetheirtradedisputesinthesteelsector.

TheChineseMinistryofCommercesaystheissueisoneofanumberoftopicswhichwereaddressedattheChina-EUsummitheldthispastweek.

Chinesesteelproducersarefacinga2ndanti-dumpingprobethisyearinEuropeamidcomplaintsbyEuropeanproducerswhoclaimChineseproducershavebeenfloodingthemarketwithcheapsteelproductstolowerinventories.

Chineseofficialshaverefutedthis,sayingweakglobaldemandisthemainculprit.

AEuropeancourtthrewoutasimilarcomplaintfiledbyEuropeansteelproducersearlierthisyear,sayingtherewasn'tenoughevidencetobackupthedumpingallegations.

Since2014,atotalof8anti-dumpingcaseshavebeenlaunchedbytheEuropeanUnionintoChinesesteelexports.

(CRI ONLINE)