Chinese Excess Capacity Causes A Global Steel Crisis

Law360, New York (December 1, 2015, 10:18 AM EST) -- In the United States, the domestic steel industry is in the midst of a major crisis as they try to deal with waves of imports that seem to flow directly (i.e., imports from China) and indirectly (i.e., from other countries facing import challenges from China in their home markets and hence expanding their exports) from massive excess capacity in China and in other countries. A large number of trade remedy cases have been started in the U.S. in 2015 on corrosion resistant steel, cold rolled sheet, hot-rolled sheet and various types of pipe and tube products. More cases seem certain to follow as problems in other parts of the steel sector are identical to those that have led to the recent rush of cases....

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