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Beijing hits out at European CVDs on Chinese hot-rolled flat steel

( June 9, 2017, 10:26 GMT | Official Statement) -- MLex Summary: China strongly doubts the justifiability and legitimacy of a final ruling made yesterday by the European Commission in which it decided to impose definitive countervailing duties on imports of hot-rolled flat steel from China, and the government will take all necessary steps to protect the legitimate rights and interests of Chinese companies, the Ministry of Commerce said in a statement today. Mofcom said the European Commission had artificially created a high subsidy margin by treating state-owned commercial banks as public institutions, and deeming some loans made by those banks to Chinese companies gratuitous, according to the statement.The statement follows:...

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