doubleucasinofreespins| The China Iron and Steel Association expresses strong dissatisfaction with the United States 'abuse of Section 301 to increase tariffs

Source: China Iron and Steel Association

On May 14, the United States released the results of a four-year review of the additional 301 tariff on China, announcing that it would further increase tariffs on steel products imported from China on the basis of the original 301 tariff on China. China's steel industry firmly opposes the US's politicization and instrumentalization of steel trade.

China's steel industry has always focused on meeting domestic demand, constantly pursuing technological progress and green transformation, injecting new momentum into the global steel industry and upstream and downstream industries. China's steel industry leads the world in many aspects such as factory design concepts, process flows, technical level, manufacturing capabilities, product quality, and energy consumption. Chinese steel companies have spent huge sums of money to implement ultra-low emission transformation projects in accordance with the world's most stringent environmental protection standards. Currently, more than 900 million tons of production capacity have been transformed into ultra-low emission transformation, of which 400 million tons have been completed.doubleucasinofreespins500 million tons have completed the ultra-low emission transformation of the entire process and are focusing on promoting green and low-carbon production. China's exports of steel products to the United States account for a small proportion, and the United States 'imports from China account for a small proportion of its total steel imports. Under the influence of multiple U.S. tariffs, U.S. downstream industry companies that still import Chinese steel products are based entirely on market behavior based on their own needs.

The WTO has long ruled that the 301 tariff violates WTO rules. Instead of correcting it, the United States further raised tariffs. Distortion of non-market behavior in the United StatesdoubleucasinofreespinsThe global steel trade order is not conducive to the healthy development of the global steel industry. China's steel industry urges the United States to abandon politicizing steel trade issues and carry out cooperation that is truly conducive to industrial development.