US launches anti-dumping and anti-subsidy investigation on Chinese steel products

The US Commerce Department announced on the 21st that it initiated anti-dumping and countervailing investigations on carbon and alloy steel wire rods imported from China.

The US Commerce Department said the investigation was initiated in response to complaints from six US steel companies, including the US branch of ArcelorMittal Steel Group and Nucle.

These companies said that China's exports of carbon and alloy steel wire rods to the United States have dumping behavior, dumping margins of 99.32% to 110.25%, while Chinese exporters received government funds subsidies also exceeded the allowable range.

According to the US procedures, the US International Trade Commission will make a preliminary ruling on the investigation around March 17.

If the committee decides that such products imported from China cause substantial damage to the relevant industries in the United States, the US Department of Commerce will continue to conduct a "double-reverse" investigation.

According to the US Department of Commerce, the amount of such products imported by the United States from China in 2013 was $313 million.

The Chinese Ministry of Commerce has repeatedly stated that it hopes that the US government will abide by its commitment to oppose trade protectionism, jointly safeguard a free, open and fair international trade environment, and properly handle trade frictions in a more rational way.

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