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Chinese steel mills will forced to upgrade their products-The 18th China(Guangzhou ) Int¡¯l Casting product Exhibition
12/28/2016 casting expo |
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China Daily reported that all Chinese steel manufacturers will be forced to upgrade their products and expand sales channels if the European Union and the United States continue to use the surrogate country system in anti-dumping investigations.
Mr Yao Lin vice-president of Ansteel Group in Liaoning province said that "We are paying close attention and are worried about the tendency of the EU and US toward steel protectionism.¡±
Mr Yao said that "The EU has frequently resorted to restrictive measures since the start of 2016, as it blames Chinese steel products for its glutted industry. It is groundless, as Europe''s steel woes stem from a weak economy. The EU should be rational and take an objective view, instead of adopting protectionist policies that impede competition. The Pearl River Delta is an important base for auto and home appliance manufacturing. Building a presence there allows us to bring our steel products to many of China''s most important buyers."
Eager to restore its earning ability, Ansteel has taken measures to avoid financial losses in exports to those markets. It opened a new plant in April to make high-end steel products for automotive and home appliance manufacturing to offset the weak demand for low-end steel. The facility, constructed in the southern metropolis of Guangzhou, is part of a joint venture with Guangzhou Automobile Group and German multinational ThyssenKrupp. The first phase cost 1.5 billion yuan ($217 million; 205 million euros; 171 million) and has an annual production capacity of 450,000 tons of steel plate.
Their comments came on Dec 12, after China notified the secretariat of the World Trade Organization that it had requested dispute consultations with the US and the EU regarding the special calculation methodology they use in anti-dumping proceedings. Those countries already impose high tariffs on Chinese steel products, leading to a sharp fall in exports of China''s seamless steel pipes and tubes.
-The 18th China(Guangzhou ) Int¡¯l Casting
product Exhibition
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