- Apr 07, 2018 -
Taking the Opposition to the Trade War to Improve the International Competitiveness of the Chinese Steel Industry
According to reports, on March 19, the US International Trade Commission (USITC) issued a notice deciding to terminate the 337 investigation initiated against Chinese steel companies. The committee ruled that the plaintiff in the anti-monopoly lawsuit needs to have anti-monopoly damage, and the plaintiff cannot prove that it suffered anti-monopoly. Damages do not qualify as a litigation subject for this suit.
On May 26, 2016, the US International Trade Commission initiated a “337 investigation” on Chinese carbon steel and alloy steel products exported to the United States on the ground of accusations of Chinese companies by US companies. The survey involved Chinese steel companies such as Baosteel, Shougang and Wuhan Iron and Steel Corporation. The United States branch has a total of 40 companies. However, the plaintiff relied on Chinese steel companies to rely on the Chinese Iron and Steel Institute to “collaborate to manipulate” product prices and exports (anti-monopoly litigation points), mark “false” origins to circumvent the US double taxation orders (anti-arbitration point), and Chinese steel. Through the so-called Chinese government hacker attack, the company “disapprove” three complaints such as the plaintiff’s advanced high-strength steel’s technical secrets (commercial cover) and all the lawsuits were rejected, giving Chinese companies a fair ruling.