Thai investigation into Chinese steel worries ChinaStaff Writer | September 28, 2016
China's Ministry of Commerce (MOC) expressed concern over Thailand's investigation into Chinese steel products and urged the country to be cautious and restrained in using trade remedy measures.
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The remark came after Thailand began investigating galvanized steel imported from China earlier this month, the latest in a series of anti-dumping probes by the country targeting Chinese steel over the past two years.
"Chinese companies are deeply worried," the official said, stressing that Chinese steel, rather than hurting local industry, has contributed to improvement of Thailand's infrastructure.
China hopes the investigation will be fair and transparent, and Chinese exporters are guaranteed the right to defend themselves, the official added.
As the world's largest steel consumer and producer, China has called for unity in tackling the severe overcapacity in the global steel market, saying protectionism will only compound the problems. ■