Core Viewpoint - The Ministry of Commerce of China expresses strong opposition to Mexico's recent anti-dumping investigations against Chinese products, emphasizing the need to adhere to WTO rules and protect the legitimate rights of Chinese enterprises [2][2][2] Summary by Relevant Sections Anti-Dumping Investigations - Mexico has initiated four anti-dumping investigations against Chinese products including float glass, self-adhesive tape, PVC coated cloth, and steel bolts, following requests from domestic companies [2][2] - This marks a significant increase in anti-dumping investigations against Chinese products, with a total of 11 cases reported this year, nearly double the total from the previous year [2][2] China's Response - The Chinese side has stated its commitment to closely monitor the progress of Mexico's investigations and urges compliance with WTO regulations to safeguard the rights of Chinese companies [2][2] - In light of the current context of U.S. tariff impositions, China calls for collective opposition to unilateralism and protectionism among nations [2][2] Trade Barrier Investigation - The Ministry of Commerce has initiated a trade barrier investigation based on Mexico's proposed increase in import tariffs and other trade restrictions against China [2][2] - China will take necessary measures across trade and investment sectors based on the investigation results to protect the legitimate rights of its enterprises [2][2]

Core Viewpoint - The Chinese Ministry of Commerce expresses strong opposition to Mexico's recent anti-dumping investigations against Chinese products, emphasizing the need to adhere to WTO rules and protect the legitimate rights of Chinese enterprises [2]. Group 1: Anti-Dumping Investigations - Mexico has initiated four anti-dumping investigations against Chinese products, including float glass, self-adhesive tape, PVC coated cloth, and steel bolts, based on applications from domestic companies [2]. - This year, Mexico has conducted a total of 11 anti-dumping investigations against Chinese products, nearly double the total from the previous year [2]. Group 2: Trade Relations and Responses - The Chinese side has been cautious and restrained in initiating trade remedy investigations, despite the increase in Mexico's actions [2]. - The Ministry of Commerce has launched an investigation into Mexico's proposed increase in import tariffs and other trade restrictions against China, in accordance with relevant laws and regulations [2]. - China will take necessary measures across trade and investment sectors based on the investigation results to firmly protect the legitimate rights of its enterprises [2].

Core Insights - In March, China's steel exports reached 10.46 million tons, exceeding 10 million tons for the month again. In the first quarter, steel exports totaled 27.43 million tons, a year-on-year increase of 6.3%, marking one of the rare increases in recent years [1] - The increase in steel exports is attributed to domestic exporters and foreign clients rushing to export due to concerns over potential trade remedy investigations and uncertainties from the U.S. tariff war later in the year [1] - The Chinese steel industry is facing unprecedented challenges, with U.S. tariffs on Chinese steel products rising to 70% due to measures like "232" and "301," affecting specific products such as pipes and coated sheets [1] Industry Statistics - In 2024, China faced 33 trade remedy cases against its steel products, surpassing the total number of cases from 2020 to 2023, with 8 new investigations since the beginning of the year [2] - The National Bureau of Statistics reported that China's crude steel production for 2024 is projected at 1.005 billion tons, with apparent consumption at 892 million tons, indicating that domestic demand remains the primary focus for the steel industry [2] - The domestic demand for steel is declining, and the structural adjustments are causing pain points, leading to a rapid increase in steel supply while demand is decreasing, disrupting the fragile market balance [2]

Group 1 - The core viewpoint is that China's steel exports are facing unprecedented challenges due to trade investigations and tariffs imposed by various countries, particularly the United States [1][2][3] - In March, China's steel exports reached 10.46 million tons, exceeding 10 million tons for the month, and the first quarter exports totaled 27.43 million tons, a year-on-year increase of 6.3% [1] - The increase in exports is attributed to domestic exporters and foreign clients rushing to export before potential trade relief investigations and tariff uncertainties take effect later in the year [1] Group 2 - The U.S. has increased tariffs on Chinese steel products to 70%, with some products facing tariffs exceeding this rate, impacting the overall export dynamics [2] - The U.S. imports less than 1% of China's total steel exports, primarily consisting of pipes, wires, seamless tubes, and tinplate [2] - In 2024, China's indirect steel exports are projected to reach 134 million tons, with 16.6 million tons directed to the U.S., which will be significantly affected by the current tariff levels [2] Group 3 - The U.S. tariff barriers have triggered a chain reaction, leading countries like the EU, Canada, Turkey, and India to initiate safeguard investigations on imported steel products [3] - In 2024, China faced 33 trade remedy cases, surpassing the total number of cases from 2020 to 2023, with 8 new investigations occurring since the beginning of the year [3] - It is predicted that the combination of high U.S. tariffs and other countries' trade barriers could impact China's direct and indirect steel exports by over 20 million tons by 2025, primarily affecting high-end steel products [3]