China subsidies still hurting US market: AISI

Sep 23, 2013 | 05:03 PM | Samuel Frizell

Tags  steel production, China steel, steel subsidies, American Iron and Steel Institute, Kevin Dempsey, USTR, U.S. Trade Representative, Samuel Frizell

NEW YORK — China has abandoned its program of liberalizing the country’s economy by opening it to free market forces, the American Iron and Steel Institute wrote in a Sept. 20 letter to the office of the U.S. Trade Representative (USTR), alleging that China continues to injure U.S. producers by subsidizing its steel industry.

China continues to massively subsidize its steel industry, manipulate its currency and transship its products through third-party countries to avoid U.S. duties, the AISI wrote in response to the USTR’s request for public comment.

"What we’ve seen is that in the decade since China joined the World Trade Organization, China has diverged from its path of economic reform back to an increased emphasis on state intervention and state control," AISI senior vice president of public policy, general counsel and secretary Kevin Dempsey told AMM Sept. 20. "The (Chinese) steel industry has always been dominated by state control, and earlier efforts where we thought there was going to be some liberalization have stopped, and we’ve gone backwards."....

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