EU Probe of Chinese Steel Will Disrupt Global Supply Chains, China Warns

What’s new: China warned that the European Union’s plan to investigate Chinese steelmakers over subsidies will disrupt global supply chains and push up costs.

“The EU’s practices will push up downstream production costs, affecting the interests of consumers, and are not conducive to the stability of global industrial and supply chains,” said He Yadong, a spokesman for China’s Ministry of Commerce, Thursday at a press briefing.