High-priced imported iron ore continues to squeeze the profits of the Chinese steel industry, while the spread of international trade protectionism has caused the steel industry to suffer an anti-dumping crisis. Recently, the Wuhan Municipal Bureau of Commerce announced that this year, WISCO has been mired in the international trade friction quagmire. In just seven months, it has received four anti-dumping investigations involving a total amount of US $ 51.92 million . Not only that, but there are also many countries that warn about the massive export of Chinese steel. Experts believe that the frequent international trade friction will make China's steel export situation in the second half of the year even more severe. WISCO has publicly stated that the reasons for frequent anti-dumping investigations are mainly due to the slow recovery of the world economy and the protection of trade in some countries. Based on the analysis of these four cases, the trend of trade protection has spread from developed countries to developing countries. According to WISCO's international trade, the facts also prove that except for some uncontrollable factors, most of the trade friction investigation results prove that WISCO complies with international trade rules. In fact, WISCO is only a microcosm of the international trade friction encountered by the Chinese steel industry. Earlier, according to local media reports in Argentina, in the first four months of this year, Argentina's crude steel output reached 1,747,700 tons, an increase of 10.8% over the same period last year. As a result, local research institutes issued an early warning on the increase in imports of steel products from China, and asked the government to pay attention to the import situation and the possible impact on domestic industries and employment. If necessary, anti-dumping measures should be taken to protect the domestic industry and Employment. Not long ago, relevant government departments in South Korea also pointed out that the number of Chinese steel exports to South Korea is increasing rapidly, but China Steel can get VAT rebate. If it continues to maintain a sharp increase, it will put a burden on Korean steel mills. The South Koreans are very worried about this and study the response plan. “When China’s steel exports increase, there are often people who use government subsidies to say things. However, subsidies to the steel industry are not unique to China, but are widely used in many countries.†Wang Guoqing, an analyst at Lange Steel Information Research Center Said: "Because steel is a pillar industry, and its profit margin is low, it is understandable that countries have given them a certain support policy." Not long ago, China Steel Association said that due to weak growth in international market demand and falling prices, China's steel exports After March, it showed a downward trend month by month. Wang Guoqing analyzed: "In the first half of this year, China exported 5.61 million tons of steel to South Korea, accounting for 23% of all exports. If South Korea takes restrictions, it will be very unfavorable for China's steel industry to export." An industry source said. In general, in the second half of the year, the export situation of China's steel industry is not optimistic. On the one hand, the decline in international market demand will constrain the domestic steel export volume; on the other hand, China's major steel export destination countries have obvious expansion of steel production capacity. This makes the domestic steel export volume continue to fall, especially the long-term steel export situation is worrying. Luo Bingsheng, former vice president of China Steel Association, once suggested that, first of all, the best means for Chinese steel companies to avoid trade friction is dialogue and negotiation. Second, the development of Chinese steel companies is mainly based on this stable and growing market in China. In terms of the distribution of export areas, China mainly adopts a diversified strategy to diversify risks. Third, if it encounters inevitable anti-dumping measures, China's steel industry should be prepared to respond actively and use legal weapons to safeguard Chinese steel companies and The interests of the industry.
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