Moneycontrol PRO
HomeNewsBusinessEconomyChina objects to India's anti-dumping probe into Chinese steel

China objects to India's anti-dumping probe into Chinese steel

Countries should unite to face up to it, rather than abuse trade remedy measures, the Ministry said in a statement, adding that China and India should "properly handle trade frictions."

June 09, 2016 / 11:52 IST

China has expressed serious concern over India initiating an anti-dumping probe against Chinese steel products as it sought a 'fair' and 'transparent' investigation in line with WTO rules.

China is highly concerned by Indian trade remedy measures against Chinese steel products, the Ministry of Commerce said yesterday.

Excess steel production capacity is a global challenge.

Countries should unite to face up to it, rather than abuse trade remedy measures, the Ministry said in a statement, adding that China and India should "properly handle trade frictions." The ministry said it hoped the Indian government could conduct a fair and transparent investigation in line with World Trade Organisation (WTO) rules, and refrain from trade remedy measures.

India launched an anti-dumping investigation in April into hot-rolled steel coils imported from China.

It is the fourth such probe against China this year, state-run Xinhua news agency reported, citing the statement.

first published: Jun 9, 2016 11:14 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347