Why it will be much more expensive ?
Report finds Chinese steel heavily subsidized .
Shougang Group got more than $1.5 billion yuan ($225.4 million) in subsidies such as tax benefits and preferential loans, at a time when Chinese capacity utilitization was as low as 65.8 percent, the report found.
The Chinese government has supported the country’s steel industry primarily through cash grants, equity infusions, government-mandated mergers and acquisitions, preferential loans and directed credit, land use subsidies, subsidies for utilities, raw material price controls, tax policies and benefits, currency policies, and lax enforcement of environmental regulation, according to the report.http://www.nwitimes.com/business/steel/report-finds-chinese-steel-heavily-subsidized/article_40f3f325-f230-5ff5-a57b-675200e5d0de.html
U.S. finds China aluminum foil imports dumped, subsidized .
WASHINGTON (Reuters) - The U.S. Commerce Department said on Tuesday it had made a final determination that imports of aluminum foil from China are being sold in the United States at less than their fair value and producers are benefiting from subsidies from Beijing. https://www.reuters.com/article/us-usa-trade-aluminum/u-s-finds-china-aluminum-foil-imports-dumped-subsidized-idUSKCN1GB2QQ