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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