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China decries new U.S. steel duties

Xinhua, May 26, 2016 Adjust font size:

China's Ministry of Commerce (MOC) has slammed a new U.S. final ruling against Chinese steel.

The U.S. Commerce Department announced anti-dumping duties of 209.97 percent and anti-subsidy duties of 39.05 percent on corrosion-resistant steel from China on Wednesday.

"The United States has deliberately suppressed Chinese bulk steel commodities, including cold-rolled flat steel and corrosion-resistant steel," and "this not only harms Chinese steel firms, but also impedes trade and cooperation between enterprises from the two countries," the MOC said in a statement on Thursday.

"China will take all necessary measures to gain fair treatment and safeguard the interests of enterprises," it said. Endi