Workers are busy at a manufacture base of Dongbei Special Steel Group Co., Ltd. in Dalian, northeast China's Liaoning Province, Oct. 13, 2015. (Xinhua/Liu Debin)
BEIJING, April 30 (Xinhua) -- Trade protectionism measures would do no help to tackle global steel overcapacity but hinder global trade orders, China's Ministry of Commerce (MOC) said in a statement after the European Union (EU) adopted new prior-surveillance system for steel imports.
The prior-surveillance system will bring extra burdens to normal trade and China is concerned about this matter, said the statement.
The EU announced on Friday that it had established a prior-surveillance system for imports of steel products into the bloc in order to further protect its own steel industry.
Based on the new regulation, imports of steel products into the EU will now need an import license. The EU has long claimed that importing steel products from third countries, such as China, have jeopardized its own labor market.
China always advocates anti-trade protectionism and maintains stable, predictable and fair trade environment, said the MOC statement, adding that the EU should abide by the commitments it has made and avoid sending wrong signals.
BRUSSELS, April 29 (Xinhua) -- The European Union (EU) announced on Friday that it had established a prior-surveillance system for import of steel products into the bloc in order to further protect its own steel industry.
Based on the regulation adopted on Friday, imports of steel products into the EU will now need an import license, said the EU's executive arm the European Commission in a statement. Full story
BRUSSELS, April 20 (Xinhua) -- According to statistics of the World Steel Association, world output of crude steel in 2015 was 1.62 billion tons, and average capacity utilization rate 69.7 percent, 3.7 percentage points lower than the 73.4 percent in 2014, which shows that the overcapacity of the world steel sector is increasing.
In view of the significant and growing capacity that exists in the global steel industry, governments of countries with big steel industries are taking immediate action to address the issue. Full story