US Steel Corporation filed a fresh trade complaint against China on Tuesday as the US steel giant announced another disappointing quarterly result, partly owing to cheap steel imports from China.   

The company filed the complaint at the International Trade Commission, calling for complete ban on Chinese steel imports. The company also argued that China indulged in various trade malpractices such as fixing prices, stealing trade secrets, and evading duties with false labeling.

Like Us on Facebook

"We have said that we will use every tool available to fight for fair trade," US Steel CEO Mario Longhi said. "With today's filing, we continue the work we have pursued through countervailing and anti-dumping cases and pushing for increased enforcement of existing laws."     

The latest complaint comes amid global anti dumping outcry against Chinese steel. Unable to compete against cheap steel products imported from China, major steel companies across US and Europe have seen their profit declining in recent years.

While American manufacturers have been badly hit, UK steel companies suffered the most from China's excessive dumping of steel in European markets. Last month, the UK government had to financially bail out several major steel plants to prevent millions of job losses.

Several important world leaders including David Cameron and Hillary Clinton have called on China to reduce overproduction of domestic steel. Earlier this year, US announced imposition of huge import tariff over certain steel products imported from China.

However, Chinese steel companies are not showing any sign of relenting under global pressure. Experts cite sharp slump in demand of steel in domestic market as the major factor behind China's excessive dumping of steel in international markets.

TagsUS Steel Corp, Chinese Steel, china, Mario Longhi