US Steel Be­gins Cam­paign to Stop China Im­ports

The Economic Times - - Commodities Plus - RAVI BUBNA

US Steel Corp has launched a cam­paign to prevent im­ports from China’s largest steel pro­duc­ers, it said on Tues­day, the bold­est step yet by a US com­pany as a trade brawl with the world’s largest steel pro­ducer es­ca­lates. In a com­plaint to the US In­ter­na­tional Trade Com­mis­sion, the US steel­maker called on reg­u­la­tors to in­ves­ti­gate dozens of Chi­nese pro­duc­ers and their dis­trib­u­tors for al­legedly con­spir­ing to fix prices, steal­ing trade se­crets and cir­cum­vent­ing trade du­ties by false la­bel­ing. An­a­lysts said it could be the most sig­nif­i­cant de­vel­op­ment in US steel trade in a quar­ter of a cen­tury, and may ratchet up ten­sion be­tween China and other pro­duc­ing na­tions. — Reuters




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