(Washington time) On February 2, US Ministry of Commerce made final ruling on anti-dumping and countervailing investigation against stainless steel plate imported from China that the anti-dumping rate for Chinese enterprises was 63.86%-76.64% and the countervailing rate was 75.6%-190.71%. Director of Trade Remedy and Investigation Bureau of MOFCOM Wang Hejun commented on it.

Wang Hejun said the Chinese side is disappointed with the US for its consecutive ruling of high tax rate on Chinese steel products and we question the unfair investigation method the US adopted. During the anti-dumping investigation, the US ignored the huge amount of evidence materials that enterprises had provided and refused to give them separate tax rates for their state-owned identity. It violated the rulings made by the WTO Dispute Settlement Mechanism in relevant cases. During the countervailing investigation, the investigation organs ignoreed Chinese government and enterprises’ positive support and rule high tax rate on raw material subsidy and on export credit projects. The Chinese industry is strongly against what the US did and and its decision.

Wang Hejun said the basic reason for the plight that troubles steel industry at present is the weak recovery of global economy and the diminishing demands. It requires all sides to join hands together. Behavior of trade protectionism not only impairs other countries’ legitimate rights of exports but finally impairs the interest of the US consumers and downstream industry. The Chinese side urges US to abide by the WTO rules and to correct its wrong doings. The Chinese side will take necessary measures to uphold the legitimate rights of its enterprises.