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Anti-dumping probe against EU products

China on Monday launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints that a flood of products had damaged the local industry. The Commerce Ministry said on Monday the investigation will target imports of stainless steel billets and hot-rolled stainless steel sheets and plates from the European Union, Japan, South Korea and Indonesia, which nearly tripled last year. The move follows a complaint by Shanxi Taigang Stainless Steel, with backing from four other State-owned mills, which blamed cheap imports on falling prices, it said.

Unified tax collection system plan launched