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Chinese steel exports are high due to competitiveness – NDRC official-The 18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
8/10/2016 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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Xinhua reported that a senior official in charge of the steel sector of China’s National Development and Reform Commission said that China''s steel firms have not been dumping in the global market, and other countries must not resort to trade protectionism as this will not help the contracting global steel industry
He said “China''s steel makers are very competitive globally and this is due to the steel companies themselves, not government subsidies.”
He told “China now uses the most efficient, low energy consuming, and highly sophisticated steel manufacturing equipment in the world. This equipment helps cut production costs remarkably and boost firms'' competitiveness.”
He added “From the perspective of China''s national conditions, we do not encourage steel exports and we have actually taken a series of measures to control the export of metal products.”
He said “To solve overcapacity in the steel industry, which is a global issue, China has taken strong and effective measures to cut excessive production and substantial effects are emerging.”
The NDRC official urged other countries and regions to take similar measures to cut overcapacity, as well as making it clear that they should stop pointing fingers at China or resorting to protectionist trade measures.
-The
18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
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