Report shows severe market distortions in the international steel market by Chinese State-Business relations

On 24 February 2009, the report on The State-Business Nexus in China’s Steel Industry - Chinese Market Distortions in Domestic and International Perspective will be presented in the European Parliament in Brussels. It has been prepared by the renowned THINK!DESK China Research & Consulting upon request of EUROFER. The report, which provides a fundamental basis for future dialog and actions by the EU towards China in relation to the steel industry, reveals in detail how China’s steel industry is firmly embedded in a powerful state-business relationship provoking severe market distortions in the international steel market.

Under the patronage of Elisabetta Gardini, Member of the European Parliament, EUROFER and the author of the report, Prof. Dr. Markus Taube, will present the results and the consequences the European decision makers need to draw from the study.

EUROFER invites interested journalists to the presentation on 24 February 2009, 18h30, in the European Parliament in Brussels, Salon des Membres.

At the event, journalists will receive

• the full report (166 pages)

• a summary of the results

• the possibility for interviews with Elisabetta Gardini MEP, EUROFER Director General Gordon Moffat, and the author of the study, Prof. Dr. Markus Taube

Please inform the EUROFER Public Affairs Department or fill in and send us the reply form of the attached invitation, if you would like to attend the presentation.

Represented by EUROFER, the European steel industry is the world leader in its sector with a turnover of over EUR 160 billion and direct employment of 430 thousand people, producing over 200 million tons of steel per year.

Contact

Gordon Moffat, Director General +32 2 738 79 26 (g.moffat@eurofer.be)

Axel Eggert, Director Public Affairs +32 2 738 79 34 (a.eggert@eurofer.be)