The EU’s top trade official has called on Beijing to cut overcapacity in its steel industry, promising new measures to support European mills threatened by a flood of Chinese imports.
Cecilia Malmstr?m, trade commissioner, told her Chinese opposite number she would open three new anti-dumping investigations into steel products originating from China.
Her letter to Gao Hucheng, Beijing’s commerce minister, comes at a time of deepening crisis for the European steel industry, which has lost more than a quarter of its workforce since 2009.
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