Advertisement
UK markets close in 49 minutes
  • FTSE 100

    8,141.06
    +62.20 (+0.77%)
     
  • FTSE 250

    19,835.10
    +233.12 (+1.19%)
     
  • AIM

    755.68
    +2.56 (+0.34%)
     
  • GBP/EUR

    1.1675
    +0.0018 (+0.16%)
     
  • GBP/USD

    1.2483
    -0.0028 (-0.22%)
     
  • Bitcoin GBP

    51,283.74
    +350.04 (+0.69%)
     
  • CMC Crypto 200

    1,342.95
    -53.59 (-3.73%)
     
  • S&P 500

    5,100.72
    +52.30 (+1.04%)
     
  • DOW

    38,241.78
    +155.98 (+0.41%)
     
  • CRUDE OIL

    83.70
    +0.13 (+0.16%)
     
  • GOLD FUTURES

    2,349.80
    +7.30 (+0.31%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,189.91
    +272.63 (+1.52%)
     
  • CAC 40

    8,108.36
    +91.71 (+1.14%)
     

EU opens public consultation over China trade status

European Union (EU) flags fly in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 3, 2015. REUTERS/Ralph Orlowski

BRUSSELS (Reuters) - The European Union on Wednesday launched a public consultation into whether to relax trade defences against China, as pressure mounts from the steel sector that is fiercely opposed to a move that would make it harder to impose anti-dumping duties.

The online consultation with industry, member states and trade partners is due to run for 10 weeks and sets the stage for the EU executive to make policy recommendations around July.

Europe's steel industry is bleeding jobs as prices have hit decade lows due to overcapacity, shrinking demand and a flood of cheap imports, mostly from China.

The EU's top trade official has warned China, whose exports to the EU have doubled in the past 18 months, that it will open three new anti-dumping investigations this month on steel imports from China.

(Reporting by Alissa de Carbonnel; editing by Julia Fioretti and Jason Neely)