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Print[Ferro-Alloys.com]It is reported that a series of anti dumping and countervailing investigations into Chinese steel products have been launched by the European Union, Australia and Canada since the beginning of 2013, posing challenges to the already struggling domestic steel industry.
Experts said that the latest one was initiated by the EU, which opened an anti-dumping investigation Saturday into imports of the China-produced seamless steel tubes with an outer diameter exceeding 406 millimeters.
China's Ministry of Commerce said that in 2012, the amount of these steel tubes exported by China to the EU had a total value of USD 91.53 million.
Four days before the EU's move, Australia launched anti-dumping and countervailing investigations into China-made hot-rolled steel products. On January 22, Canada initiated anti-dumping and countervailing investigations into imports of zinc-coated steel wires from China.
Experts said that China is the world's largest exporter of steel products, so it is easy for the country to become the main target of rising global trade protectionism.
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