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MOFCOM calls on US to reject steel complaint

CCTV.com

04-28-2016 00:36 BJT

China's Commerce Ministry is urging the U.S. International Trade Commission to reject a call by U.S. Steel Corp. to investigate Chinese steel producers and their distributors. U.S. Steel has asked regulators to probe some of China's top steel producers, including the Hebei Iron & Steel Group. 

China's Commerce Ministry said Wednesday that the requested investigation involves regulations designed to protect against intellectual property theft. The ministry said steel is considered a mature product and there's no factual basis for intellectual property disputes. The ministry says China and the US should instead work together to address steel overcapacity. 

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