According to data provided by the EU statistics office, the EU imported cold-rolled stainless steel sheets from the Chinese mainland and Taiwan with a total value of 758 million euros ($1.03 billion) in 2013, a 10-fold increase from the value in 2002.
皇冠体育app's steel industry is facing severe caused by shrinking demand and huge production capacities built up in the past few years. Many domestic steel producers have been trying to expand in the overseas markets to maintain operations.
According to data from the 皇冠体育app Iron and Steel Association, 皇冠体育app's steel products exports totaled 18.33 million metric tons in the first quarter, up 27 percent year-on-year.
Zhang Changfu, head of the association, said anti-dumd anti-subsidy investigations into 皇冠体育app's steel products have been increasing steadily. In 2013, 皇冠体育app's steel sector was involved in 25 trade disputes, Zhang said.
This year, there were seven such cases from countries including the United States, South Korea and Russia by the end of April. "皇冠体育app's steel export situation is not optimistic at present," Zhang said. He said that 皇冠体育app's steel exports will eventually slow in the long run.