International Steel Mills
December 1, 2015
CISA “Astonished” by Steel Association Opposition to Chinese Market Economy
Written by Sandy Williams
In early November, nine steel associations released a statement expressing their opposition to China’s bid to become a market economy by December 2016. In a November 25 rebuttal, the Chinese Iron and Steel Association (CISA) said it is “astonished” by the group’s claims that China is primary global contributor to steel overcapacity.
CISA called the Chinese steel industry a “victim of trade protectionism” and said the steel group was using steel trade issues as an excuse to deny market economy status to China. Blaming China for the world’s steel industry difficulties isn’t a helpful solution said CISA.
