China deepens probe into U.S. steel subsidies

China deepens probe into U.S. steel subsidies
Aug 21, 2009 By eChinacities.com

China, the world's largest steel producer and consumer, deepened its investigation into imported steel products from the United States, the Ministry of Commerce said late on Wednesday, in response to complaints from its steel makers.

Trade friction between Beijing and Washington has spilled over into numerous industries this year, with U.S. complaints about China's state support for exporters of tires and steel and about China restricting exports of industrial raw materials.

The probe into imports of U.S. grain-oriented electrical steel focuses on six issues, including subsidized electricity, gas and coal, and incentives for steel sales and funding in the state of Pennsylvania, the ministry said.

The probe is a further move in an investigation into some imports of U.S. and Russian steel products that first kicked off in June, the ministry said in a statement.

The companies cited in the June case included U.S. Steel and two Russian-owned firms, Evraz Rocky Mountain Steel Mills and TMK IPSCO. Read more >>

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