India initiates anti-dumping probe against steel products, China objects

China is highly concerned by Indian trade remedy measures against Chinese steel products.

By: PTI | Beijing | Published: June 9, 2016 11:48 am

China, India, China steel dumping, India-China, India anti-dumping probe, India China, Indo-Chinese ties, China news, Business news

China said it hopes India will conduct a fair investigation along the lines of the WTO rules

China has expressed serious concern over India initiating an anti-dumping probe against Chinese steel products as it sought a ‘fair’ and ‘transparent’ investigation in line with WTO rules.

China is highly concerned by Indian trade remedy measures against Chinese steel products, the Ministry of Commerce said yesterday.

Excess steel production capacity is a global challenge. Countries should unite to face up to it, rather than abuse trade remedy measures, the Ministry said in a statement, adding that China and India should “properly handle trade frictions.”

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The ministry said it hoped the Indian government could conduct a fair and transparent investigation in line with World Trade Organisation (WTO) rules, and refrain from trade remedy measures.

India launched an anti-dumping investigation in April into hot-rolled steel coils imported from China.

It is the fourth such probe against China this year, state-run Xinhua news agency reported, citing the statement.

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  1. A
    akc
    Jun 9, 2016 at 4:42 pm
    Ban use of any Chinese steel in any government related constructions, projects. Collect 10 percent additional tax from any private businesses that use Chinese steel. Private builders should be encouraged to not use Chinese Steel. China had been working against India's interest and any business provided for Chinese goods is like funding a terrorist nation since this money is going to end up in stan, a close friend of China and another adversary of India.
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    1. E
      elangovan
      Jun 9, 2016 at 7:45 am
      local investors to be protected otherwise it will them soon. over production capacity in china is a potential threat for other country. Sooner or later, steel facility in other areas will get a violent jerk
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      1. P
        Pee Vee
        Jun 9, 2016 at 11:25 am
        Protection is not the solution. We need to be compeive. US and Europe athe biggest hypocrites. They will advocate free markets but impose anti dumping on Chinese imports in the name of unfair incentives / subsidies given by the Chinese government. Indian Steel makers were selling their goods at more than double the price compared to China for many years before Chinese steel started coming to Indian market in good volumes in the year 2002 or so. They got the hit because there profitability was hit and they were forced to reduce their prices. End of the day consumer got benefited. And one important point to note is .there are only handful of people who make steel but there is a huge number of people who use steel. If these handful of people are honest in their pricing, Chinese can't beat them.
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        1. S
          Singh
          Jun 9, 2016 at 11:17 pm
          Buying Chinese $ go to China, buying local Rs stay in country. it create job in country. USA paying big by buying cheap Chinese product. Here I never buy even penny worth Chinese product. rather pay $ extra if it is made in USA or India.
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          1. V. Ramaswami
            Jun 9, 2016 at 12:31 pm
            Keep China out of the Indian market completely. Why are we empowering a country that is so inimical to India ? They can fish in the tiny cess pool called stan if they think that will do their economy any good.
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