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Europe's steel industry to call for anti-dumping measures against China

According to news report from AFX based on information from Financial Times, Europe's steel industry will call for anti-dumping measures against imports of Chinese steel, with an industry trade body poised to file a complaint that Chinese government subsidies have unfairly fuelled a surge in imports.

The move is likely to further stir global trade disputes related to China's fast-growing steel industry, Financial Times is reporting.

Citing Philppe Varin, chief executive of Anglo-Dutch steelmaker Corus, the newspaper (FT) said the amount of Chinese-made steel reaching Europe is likely to double this year from 2006, and that imports are "becoming a threat" to the health of the European steel industry.

Varin told the newspaper that industry body Eurofer is preparing a file of complaints -- to be presented to the trade directorate of the European Commission in the next three weeks -- about unfair Chinese pricing.

"A lot of growth in Chinese steel production and exports has been helped by (government) subsidies," the newspaper quoted Varin as saying.

EU trade commissioner Peter Mandelson has warned China several times in recent months that the surge is unsustainable, but Chinese efforts to rein in production by eliminating some subsidies have had little effect, the newspaper said.

"This is a difficult issue and one we have raised with the Chinese on several occasions. If an anti-dumping case is filed we will investigate thoroughly," it quoted Mandelson's spokesman as saying.

However,   EU officials believe a complaint from the steel sector would not necessarily lead to trade restrictions. Many industries that use steel, such as engineering and construction, are likely to be in favour of Chinese steel imports, it said.

Citing Eurofer estimates, the newspaper said Chinese steel imports into the EU this year will total 10 mln tons, compared with five mln tons in 2006. This year's total is expected to be about a third of all imports into the EU.

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