EU sets steel import duties to counter Chinese subsidies
China's Commerce Ministry says it "strongly" questions legitimacy of EU decision
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Brussels
THE European Union has set duties of up to 35.9 per cent on imports of hot-rolled flat steel from China to counter what it says are unfair subsidies in a finding challenged by Beijing.
The European Commission (EC), which conducted an investigation on behalf of the 28 EU members, found a number of Chinese companies had benefited from preferential lending from state-owned banks, grants, tax deductions and the right to use industrial land.
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