Chinese steel export besieged by trading friction

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Publish time: 23rd August, 2011      Source: ChinaCCM
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Recently, the high iron ore imports have continued to squeeze the profits of Chinese steel industry.

Besides, the trade protectionism has led Chinese steel industry to suffer from the anti-dumping crisis.

The Wuhan Bureau of Commerce announced that Wuhan Iron and Steel Corp. (Wisco) was involved in four anti-dumping investigations in the recent seven months. Furthermore, some countries have warned on large amounts of Chinese steel exports.

Experts believe that frequent international trade friction will cause Chinese steel export situation become more severe in the second half of this year