China denies intention to dominate world's iron and steel supply
Updated: 2007-11-08 11:26
Customs figures show the average price for China's steel exports to the European Union rose by 27.3 percent from January to September over the same period last year and are still rising. September alone saw a rise of 3.7 percent from August.
"Take a closer look at China's steel exports to the European Union, one would find that most of the products were generic or low-end products indigenous EU manufacturers wouldn't manufacture. China's exports were actually complementary to the EU market and accorded with the interests of some EU customers," said the statement.
The chamber said it was not proper for the Eurofer to file such anti-dumping applications while dialogue with the Chinese steel industry was under way.
The Ministry of Commerce also voiced regrets over the anti-dumping applications on Monday and hoped to solve the issue through dialogue and negotiation. It hoped the European Commission would refrain from adopting anti-dumping measures.
A statement released by the China Iron and Steel Association on Tuesday said it would organize domestic enterprises when necessary to answer the appeal and use legal means to defend the legitimate interests of local industries.
The Brussels-based Eurofer requested late October the imposition of anti-dumping measures on imports from China, including stainless steel cold-rolled flat products and hot-dipped metallic coated sheet and strip steel from China.
Eurofer claimed massive volumes have been dumped on the EU market at dumping margins of up to 40 percent, bringing down EU domestic prices by up to 25 percent and making life for European steel producer harder.
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