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China and Brazil should work together on steel overcapacity -The 18th China(Guangzhou)Int’l Metal &Metallurgy
Exhibition
11/24/2016 -steel expo-metal &metallurgy expo |
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Xinhua reported that China and Brazil should work together to address steel sector overcapacity, as protectionism only compounds the situation. China''s Ministry of Commerce Mr Wang Hejun said that "The Chinese government has always held that trade remedies should be used in a cautious and restrained manner, and encouraged its businesses to solve trade frictions through trade, investment and technological cooperation with their foreign counterparts.”
Mr Wang said that protectionism will do no good in overcoming difficulties in the global economy and steel sector. On the contrary, it will hinder normal trade.
Mr Wang''s remarks came after Brazil announced Monday its first anti-subsidy investigations into hot rolled steel plate from China. Chinese steel products saw 14 anti-dumping probes from the Brazilian government in the past five years, with most cases ending in restrictive measures.
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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