quinta-feira, 28 de abril de 2016

GERMANY WANTS EUROPE TO BE TOUGH IN DEALING CHINA IN A DISPUTE OVER STEEL PRICES

The European Union should take a tough stance in dealing with China in a dispute over low steel prices, German Economy Minister Sigmar Gabriel said on Thursday.
European steelmakers have been hit by a plunge in steel prices which they blame largely on a surge in cheap exports from China, where overcapacity has been exacerbated by declining domestic demand.
India's Tata group announced plans last month to quit its entire British steel operation.

"What is really at stake in the EU is whether we have the courage to take an aggressive position against China," Gabriel said in the German Bundestag lower house of parliament, adding that he would be in favor of taking such a stance.

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