Steel bears brunt of remedy investigations

The number of trade remedy investigations against Chinese products reached a historic high in 2016, with nearly half of the cases aimed at the steel industry, Ministry of Commerce spokesman Sun Jiwen said on Thursday.

China faced 119 trade remedy investigations launched by 27 countries and regions in 2016, up 36.8 percent year-on-year. The total value involved increased by 76 percent year-on-year to $14.34 billion, data from the ministry showed.

Many countries, including some European Union members, the United States and Mexico, imposed trade barriers on the Chinese photovoltaic, tile and tire products.