A worker stands between glowing steel at the plant of German steel company Arcelor Mittal in Hamburg in this March 25, 2013 file photo. REUTERS/Fabian Bimmer/Files
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The EU launched new probes Friday into imports of Chinese steel, warning it would not allow "unfair competition" to threaten Europe's industry which is crumbling under a flood of cheap imports.The Commission separately imposed anti-dumping duties on cold-rolled flat steel imports from China and Russia.Malmstroem last month urged China to cut output.The letter also warned China that it faced new probes if nothing was done after its steel exports soared 50 percent in 2015, destabilizing the global market and the EU in particular.
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