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EU launches new probe into Chinese steel
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THE European Union launched a new investigation on Chinese steel products on Friday, claiming the case was subsidy-related, despite China’s advocation against trade protectionism.
The products under investigation are imports of Chinese hot-rolled flat steel, over which a so called “anti-dumping” investigation has been ongoing since February, said the bloc’s executive body the European Commission in a statement.
In both cases, the commission decided to act early under the so-called “threat of injury” mechanism, an exceptional approach that allows for taking action without having to wait for the proof of actual injury, it said.
The commission now has up to nine months to establish whether conditions to impose provisional countervailing duties are met.
China always advocates against trade protectionism, its Ministry of Commerce said last month.
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