Commenting on the announcement by the European Commission of an anti-subsidy investigation against China, Gareth Stace, Director of UK Steel, said:
“This is a welcome and much needed investigation into Chinese Government subsidies which will run in parallel to its on-going investigation into dumping of steel into the EU. The significant unfair trading practices carried out by China has been a major cause of the worst steel crisis in over a generation here in the UK.
“All the trade defence instruments are designed to restore fairness and, both the Commission and Member States, must commit to using all the measures available to tackle this problem in the short term. The British steel industry welcomes competition so long as it is fair. Unfair trading practises only damage global trade and must be stopped.
“Furthermore, the Commission should take this opportunity to revamp the way it operates and speed up its investigation to ensure that it tackles the problem in the shortest possible time.”