China threatens action against EU for unfair’ anti dumping duties on chinese steel product

China’s Ministry of Commerce on Thursday urged the EU to reverse a decision to impose anti-dumping duties on a Chinese steel product, calling the decision a mistake and unfair, and vowed to take action to protect Chinese firms.

Mr Wang Hejun, head of the MOFCOM’s Trade Remedy and Investigation Bureau, said in a statement following the EC decision that “The decision is the result of the unfair, unreasonable use of the “surrogate country” prices references method.”

Mr Wang noted that the commission had chosen the US as a surrogate country to judge if the product was being sold in the EU at an unfair price.

China urges the European side to correct such a mistake as soon as possible. He said “The Chinese side urges the EU to fully carry out its treaty obligations under the WTO, stop using the ‘surrogate country’ method, and treat Chinese companies fairly, justly and without discrimination.”

Mr Wang further pointed out that the EC’s judgment was based merely on accusations and speculation that imports of China’s hot-rolled coil products pose a threat to European industries, but they lack evidence.

He added “The decision has seriously hurt the interests of Chinese companies, and China will take necessary measures” to protect the legitimate interests of Chinese firms.”

The European Commission, the EU’s governing body, announced Thursday that it has decided to impose anti-dumping duties of 18.1 percent to 35.9 percent on China-made hot-rolled coil, following an investigation into the product.

Source : GLOBAL TIMES

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