Home » Business » Manufacturing
Steel association defends export growth
Print Edition
CHINA isn’t seeking to boost its steel exports, a trade group said yesterday in a bid to ease concerns the country is dumping products due to a domestic supply glut.
Exports have been rising, however. Last year, Chinese firms sold 112 million tons on overseas markets, a rise of 20 percent from 2014.
“The government has adopted a series of measures to curb the trend,” China Iron and Steel Association said in a report, citing export duties and lower tax rebate rates for some products.
The CISA attributes the export surge mainly to increasing demand following the global economic recovery and improvement in Chinese products.
Weighed on by a slowdown in the broader economy, China’s steel industry is being squeezed by serious overcapacity at home and anti-dumping investigations abroad.
More efforts have been made by the government to downsize the industry, but the situation remains challenging.
Meanwhile, the United States and Europe have launched probes or imposed exorbitant tariffs on Chinese steel using methods that, China has argued, violated rules of the World Trade Organization.
The CISA said it is willing to resolve trade friction but will “resolutely fight protectionism and oppose politicizing the steel trade issue.”
Despite its economic woes, China remains the world’s largest steel producer and consumer.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
