Following last week’s final decision of the US Department of Commerce (US DOC) in its antidumping and countervailing investigation of cold rolled steel imports from
China imposing antidumping (AD) duty of 265.79 percent and countervailing duty (CVD) of 256.44 percent,
China's Ministry of Commerce (MOC) has stated that the US has acted unfairly in its antidumping and countervailing investigation against Chinese products, in particular by not allocating
China’s state-owned steel enterprises differentiated duties, which severely damaged the Chinese enterprises’ rights of defense and forced the Chinese enterprises to abandon their response to the case. The MOC went on to say that
China is now preparing to legally challenge the steel duties, most likely by opening an arbitration panel at the World Trade Organization (WTO). “
China will encourage and support its steel enterprises in defending themselves according to the law, and
China will safeguard the legitimate rights and interests of its steel enterprises using World Trade Organization rules,” the MOC said in its statement. In addition, the MOC urged the US to adhere closely to WTO rules and to desist from its trade protectionism.