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5000 Europeans protest against China's cheap steel

Corporations European steelmakers accuse China and export subsidies and dumping illegally, leading to the crisis in the EU steel industry.

 

According to Reuters, 2/15/2016 Tuesday, thousands of people working in the steel industry in Europe took to the streets to protest in Brussels - Belgium - The European Union head office - the proposal to prevent the import of goods flooded cheap from China.

5,000 protesters that need to defer the recognition of China's market economy status. Corporations European steelmakers accuse China and export subsidies and dumping illegally, leading to the crisis in the EU steel industry.

China has joined the WTO for 15 years (since 2001). According to the roadmap, in 2016, the country officially recognized the market economy - with significant advantages in exporting goods to other countries.

Chinese steel imports could cause 3.5 million jobs in Europe are threatened.

In addition, the European steelmaker also said that China uses coal technology also goes against efforts to cut carbon emissions in the EU.

Karl Koehler - CEO of Tata Steel Europe - the largest steel producer in the UK simile allows imports of steel from China are being "exported" jobs to "import" of CO2. Estimates that 7 million tons of steel imports from China to the EU, will boost production by 2 million cars, significantly increased emissions into the environment.

Last week, the European Commission has also conducted three investigations of anti-dumping against Chinese steel products and is expected to hit some new taxes on steel products from China.

Karl Koehler also said their products could not compete with Chinese steel when the government had to intervene and prop up the loss-making factory.

Also involves dealing with cheap steel products from China, Vietnam steel industry is also proposing to conduct MOIT apply safeguard measures of trade, prevent intrusions and massive billet long steel in our country. According to statistics, Vietnam imported billet in 2015 was nearly 1.9 million tons, an increase of 300% - of which 2/3 is China steel.

Due to the close geographical distance, can clearly see Vietnam's steel industry more severely affected the European Union by the massive imports of Chinese steel.

Source: Cafef

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