The 98 trade remedy investigations launched by foreign countries to China involved 13 industries such as iron and steel and its products, chemical industry, electromechanical, building materials, means of transport and metallurgy. Among them, the steel and its products industry is dominated by 46 honest merchants, accounting for nearly half. According to the data of the Ministry of Commerce, in 2015, there were 37 trade friction cases involving US $4.7 billion. This is the eighth consecutive year that China's iron and steel industry has encountered more trade frictions
since the beginning of this year, governments or industry organizations in many homes and regions have put pressure on China's steel trade: on March 4, the U.S. Department of Commerce, a manufacturer of Hebei polyurethane insulated steel pipe, launched anti-dumping and countervailing investigations on the sales of stainless steel plates and steel strips purchased from China this year; On April 29, the European Commission announced that it decided to take pre monitoring measures for incoming steel products, requiring steel products from third countries to show incoming monitoring documents when entering the EU for free circulation; On May 17, the US Department of Commerce announced that it would impose a purchase tax of 522% on cold-rolled flat steel from China; In addition, iron and steel associations such as the European Iron and Steel Union also sent an open letter to important people in the G7 asking them to boycott Chinese steel
" Since China's entry into WTO, China's iron and steel products have suffered many anti-dumping investigations. The surrogate country system is the booster for the United States to determine the dumping margin of China's iron and steel& quot; Wang Guoqing, director of Lange Iron and Steel Research Center, told China Economic Weekly that the so-called surrogate country system is to choose a market economy instead of the actual production cost of the country when measuring the value of goods from non market economies; Substitute country & quot; For similar goods. Over the years, China's anti-dumping decisions on iron and steel have been verified with the market prices of other homes as alternative prices
according to Wang Guoqing, the monitoring data of Lange Iron and Steel Research Center shows that since China's accession to the WTO, the United States has launched more than 20 & quot; Double inverse & quot; And more than 10 anti-dumping investigations, and the United States arbitrarily chose a substitute country in the anti-dumping investigation of China's steel products, so as to impose high dumping duties on China's steel export products, which seriously damaged the foreign trade interests of China's steel industry
at present, the iron and steel industries in various countries are facing problems such as operation difficulties and overcapacity. The US steel company, as the plaintiff, had a sales revenue of US $11.574 billion in 2015, a significant year-on-year decrease of 33.9%, and a net profit loss of US $1.508 billion
during the just concluded eighth round of China US strategic and economic dialogue, US Treasury Secretary Jacob Lu said that China needs to formulate policies to significantly reduce the output of a series of industries affected by overcapacity, especially steel and aluminum, which is very important to the operation and stability of the word-of-mouth market
" One of the topics of the just concluded China US strategic economic dialogue is overcapacity, because overcapacity is not only a challenge for China, but also a challenge for the public& quot; Li Jing, managing director of JPMorgan Chase Bank and vice chairman of the Asia Pacific region, told China Economic Weekly; The steel industry is not a home industry, it is also a public industry, because steel can be transported in public. If a home has excess steel capacity, these excess steel capacity will be exported to other homes and affect the public steel market. I think China has such determination to eliminate overcapacity& quot;
