Trade Friction Has Continued To Escalate Steel Exports Remain Strong

In today's steel overcapacity has become a global issue, its steel industry downturn in many countries blamed China for the export of iron and steel last year, and use various means to make "encirclement and suppression". It is understood that China's steel industry has ranked trade friction, industry's first 8 years in a row, this year is more concentrated.

Recently, the EU made final, decided to impose tax on cold-rolled steel sheet products originating in China from 19.7% to 22.1% of the anti-dumping measures, and at the same time taking back tax measures. On July 29, the EU anti-dumping of rebar products originating in China made final, decided to adopt tax rate 18.4% to 22.5% of the anti-dumping measures. And in May, launched anti-dumping investigations against Chinese hot-rolled coil, the EU launched anti-subsidy investigation.

Apart from the EU, recently on Chinese steel products frequently wield big stick of trade protection is Turkey, and Brazil and Viet Nam, and so on. Earlier, Turkey final Bulletin of Economics Ministry, anti-dumping, decided with immediate effect to impose anti-dumping duties on seamless steel pipe products imported from China, responding to the corporate tax rate is 100 USD/ton, other corporate tax rate of $ 120 per tonne. In July, Viet Nam had made twice in a week on imports of Chinese steel, wire rods and color-coated steel protection measures of final awards. Brazil decided on Chinese origin of high carbon steel wire products, steel wire, hot-rolled steel sheet to start anti-dumping investigations.

According to China's customs figures released showed, China's steel exports in July rose 5.8%, to 10.3 million tons, while in June to 10.9 million tons, in January-July this year grew by 8.5%, to 67.4 million tons, hit a record high. China this year at a time when global overcapacity is still a large number of exports, has attracted discontent and vigilance, trade frictions.