US Steel Says China Is Using Cyber Stealth To Steal Its Secrets (npr.org)

An anonymous reader writes: U.S. Steel Corp. filed a trade complaint with the International Trade Commission: "The Chinese industry has formed a cartel that sets purchase and sale prices, and controls production and export volumes to target export markets. The Chinese industry has used its government to steal U.S. Steel's closely guarded trade secrets and uses those trade secrets to produce advanced steel products it could not make on its own." The steelmaker based in Pittsburgh argues its Chinese rivals must be investigated and that they will "use every tool available to fight for fair trade." The ITC has 30 days to review the complaint and determine whether or not it's worth investigating. In the meantime, China's Commerce Ministry said the complaints "have no factual basis," urging the ITC to reject U.S. Steel's case. The investigation will likely take a while if the ITC decides to proceed with an investigation, as they'll be dealing with three separate issues: price fixing, false labeling to avoid duties, and theft of trade secrets.

Comments

obviously 266% duties imposed in march failed

[sittingnut]

usa imposed 266% duty on chinese steel imports in march.
http://www.wsj.com/articles/u-...

seems that failed to help push overpriced bad products

Re:Wow

[inode_buddha]

Believe it or not, the south african stuff was higher quality but the worker treatment was probably worse than the chinese even. That is not to say that it was particularly good, it was just relatively somewhat better. If I want good stuff from a modern mill, I get Thyssen-Krupp. That said, the best structural steel I ever used, bar none, was prewar Bethlehem old stock. That stuff was simply amazing. And yes indeed, its a race to the bottom for the workers (me) while the bosses are racing to the top....