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Anti-dumping cases against Chinese steel exports to intensify - state planner


Published :
Thu, 12 Apr 2007 09:10
By : Agencies
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BEIJING (XFN-ASIA) - Anti-dumping motions filed against China's rapidly-growing steel product exports will continue at a faster rate, said the National Development and Reform Commission (NDRC), the country's economic planner.

It said the moves coincide with a widening gap between domestic and global prices for steel products, as prices abroad are rising faster than those within China.

The NDRC added that global steel product prices in the second half were to stay at 'high levels.'

China has been implementing a series of tax rebate reductions on its steel exports as sales abroad have been increasing rapidly, rising 154.3 pct year-on-year in the first three months to 3.6 bln usd.

andrew.pasek@xinhuafinance.com




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