The U.S. Commerce Department
found in favour of anti-dumping measures for imports of stainless steel sheet
and strip from China and said it had set a preliminary subsidy rate of 57.30
percent for a Chinese steel manufacturer, according to a preliminary finding
released on Tuesday.
China's commerce ministry
said in a statement it was not satisfied with the decision and that it would
use the WTO dispute settlement process to defend its interests.
Recently, the United States
levied high taxes on Chinese stainless steel, cold rolled steel,
corrosion-resistant steel plate and other goods that served as a "man-made
obstacle" and an effective "rejection of Chinese steel
products", the commerce ministry statement said.
Credit:Reuters
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