China condemns EU for new steel anti-dumping duties
he 28-nation bloc said on Friday that it would levy duties of up to 35.9 percent on Chinese hot-rolled flat steel in an attempt to create a level playing field with China as it broadens its campaign to protect Europe's struggling steel manufacturers
"The European Commission ignores the fact that China's steel exports to Europe clearly declined in 2016, using China's steel overcapacity as an excuse to claim that China's hot-rolled flat steel products threaten to damage industry in the EU when that is mere speculation with little bearing on reality," Chinese commerce ministry official Wang Hejun said in a statement Friday.
The EU has had a series of trade disputes with China, its second-largest trading partner, but is also seeking to resolve the stand-off over steel with Beijing through the OECD, the Paris-based group of developed economies.
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