Raise your voice against Chinese Steel Dumping

Chinese steel is overabundant and is shipping to world markets at cut-down prices resulting dumping of Semi-finished and Finished Steel, which has become a matter of concern.

The steel industry globally is dogged by excess production capacity estimated at about 645m tonnes, of which experts believe some 300m is in China. China produced about half the world’s 1.67bn tonnes of steel output last year and is on track to export a record of more than 100m tonnes this year.

"China now sells its excess steel to the EU market at prices that do not even cover its costs for raw materials and material transformation," said Charles de Lusignan, communications manager at steel lobbyist Eurofer.

"The overcapacity situation (in China) has led to a significant increase in exports to the world's markets," said Aditya Mittal, CEO, ArcelorMittal.

"50 percent of India’s steel imports come from Foreign Trade Association (FTA) countries. FTA nations facilitate for duty free steel being dumped from nations like China which, in turn, is hurting steel industry, domestically." says Sajjan Jindal, Chairman and MD, JSW Steel.

"The American steel industry is in a dire situation, with record imports surging in and facilities across the country being idled," said Thomas J. Gibson, head of the American Iron and Steel Institute.

It is needless to mention here, how the economy, people and companies are suffering because of Chinese dumping. Now, it is the time to approach your Government to take immediate action, so Chinese Steel dumping can be controlled and the respective Countries economic situation can stabilize and safeguarded against Chinese dumping.

If you have any queries, you can always contact me at : info@dalmiaindia.com

Regards,

V Dalmia
Importer/Exporter

#arundalmia

arundalmia.in