BRUSSELS: The EU launched new probes over the weekend into imports of Chinese steel, warning it would not allow “unfair competition” to threaten Europe’s industry already crumbling under a flood of cheap imports.
European steelmakers are reeling from a global glut and last week Luxembourg-based world leader ArcelorMittal blamed China for a colossal $8-billion loss in 2015 while thousands of jobs are being cut.
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