We are continuing to act, when necessary, against unfair trading conditions in the steel sector, and against foreign dumping.
European Union Trade Commissioner Cecilia Malmstroem speaks after the EU introduced new duties on steel products from China on Friday, June 9.
China’s hold over the international steel market is pretty clear. It produces half the world’s steel and in 2015, finished imports from China to the EU were up 140% on 2013. Imports now account for a quarter of the EU market, and at the same time, prices for a range of major EU product classes have collapsed.
This trend, replicated to …read more
Source: The Conversation