International Steel Mills
February 21, 2016
China Ministry Calls for EU Cooperation to Solve Overcapacity
Written by Sandy Williams
China’s Ministry of Commerce is calling for European Union cooperation to address the world’s iron and steel overcapacity. Current “trade protectionism” will only have a further negative impact on the industry said Commerce spokesperson Shen Danyang in response to new antidumping measures from the EU.
At news conference last week, Shen said overcapacity in the steel sector is a global problem that can only be solved through dialogue and cooperation.
