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China and EU seeking ways to solve steel trade disputes: MOC

(CRI Online)    10:51, July 17, 2016

File photo shows the office of Chinese Ministry of Commerce. [Photo: huanqiu.com]

It's being suggested Chinese and European commerce authorities are actively looking for "an appropriate mechanism" to solve their trade disputes in the steel sector.

The Chinese Ministry of Commerce says the issue is one of a number of topics which were addressed at the China-EU summit held this past week.

Chinese steel producers are facing a 2nd anti-dumping probe this year in Europe amid complaints by European producers who claim Chinese producers have been flooding the market with cheap steel products to lower inventories.

Chinese officials have refuted this, saying weak global demand is the main culprit.

A European court threw out a similar complaint filed by European steel producers earlier this year, saying there wasn't enough evidence to back up the dumping allegations.

Since 2014, a total of 8 anti-dumping cases have been launched by the European Union into Chinese steel exports.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Liang Jun,Bianji)

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