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China expressed its dissatisfaction over the U.S. decision to start anti-dumping and anti-subsidy probes into seamless steel pipes imported from China, Xinhua reported, quoting the Ministry of Commerce.
The U.S. Department of Commerce revealed Wednesday that it initiated anti-dumping and countervailing duty probes at the request of the U.S. Steel Corp., V&M Star LP, TMK IPSCO and the United Steelworkers, or USW. The petitioners have requested for a 98.37% anti-dumping duty against the Chinese imports and additional countervailing duties to offset alleged Chinese government subsidies.
The commerce department said the difficulty faced by the U.S. steel industry was due to decline in consumption and demand as a result of the financial crisis. "Blindly blaming Chinese imports of dumping or subsidies is lack of factual bases, which China strongly opposes," MoC announced in a statement on its website Saturday, the report said.
Stating that this was the seventh such case this year launched by the U.S. Department of Commerce against Chinese imports, which included claims of both dumping and subsidies, MoC said resorting to trade protectionism would not solve the real problem, and would instead hurt the interests of U.S. downstream steel businesses and bilateral trade.
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