Steel War widen: US attack chinese dumping

The United States throw accusations at China on the issue of unfair competition and dumping in the steel sector, plagued by excess capacity globally but especially right in the Asian giant. "In line with the reforms of China, the United States supports efforts to reduce excess capacity and leave it to market forces to determine investment", the State Treasury Secretary Jack Lew said, pointing the finger at " the "Chinese excesses" that distort global markets. "

The issue of China Steel is the source of a dispute with the European Union and has also been instrumental in pushing up the front of the hostile EU recognition of the status of the Dragon market economy.

Europeans accuse the Asian country not to restructure their steel industry and instead dump their excess production on the world market with products below cost, that force to restructure in other economic areas. Lew said that it is "crucial" in China to carry out a reduction in production capacity "including steel and aluminum."