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Associations of Europe and North and Latin America Present Critical Document to the “New” Chinese Steel Industry Policy
04/21/2015 - Eight national and regional associations representing the steel industries of Europe, North and Latin America joined in expressing their concern to the Chinese government about the recently revised “Adjustment Policy 2015” to the Chinese national steel strategy, released last March.
The policy does not address the root causes of the current overcapacity in China, the trade imbalance it generates at a global level and, additionally, allows for the continuity of governmental control and financial support to the steel industry.
The American Iron and Steel Institute (AISI), the Canadian Steel Producers Association (CSPA), the Steel Manufacturers Association (SMA), the Committee on Pipe and Tube Imports (CPTI), the European Steel Association (EUROFER), the Latin American Steel Association (ALACERO), the Mexican Iron and Steel Industry Chamber (CANACERO) and the Specialty Steel Industry of North America (SSINA) explain in their document that the “Adjustment Policy 2015” continues to reflect a top-down and state-dominated approach to the steel industry reforms - thereby maintaining an environment where market forces do not apply. From the perspective of these associations, “the only way to achieve the Policy ́s stated objectives is to eliminate government interference and subsidies industry, and the basic market forces to dictate industry outcomes”.
Download the complete document at www.alacero.org.
Source: The Latin American Steel Association (ALACERO).
The American Iron and Steel Institute (AISI), the Canadian Steel Producers Association (CSPA), the Steel Manufacturers Association (SMA), the Committee on Pipe and Tube Imports (CPTI), the European Steel Association (EUROFER), the Latin American Steel Association (ALACERO), the Mexican Iron and Steel Industry Chamber (CANACERO) and the Specialty Steel Industry of North America (SSINA) explain in their document that the “Adjustment Policy 2015” continues to reflect a top-down and state-dominated approach to the steel industry reforms - thereby maintaining an environment where market forces do not apply. From the perspective of these associations, “the only way to achieve the Policy ́s stated objectives is to eliminate government interference and subsidies industry, and the basic market forces to dictate industry outcomes”.
Download the complete document at www.alacero.org.
Source: The Latin American Steel Association (ALACERO).
