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		</div><p>Beijing has criticised new European tariffs on Chinese steel as &#8220;unjustifiable&#8221; protectionism, weeks after commerce ministers from G20 nations pledged to promote free trade.</p>
<p>The European Union said on Friday it had set definitive anti-dumping duties on certain Chinese steel bars at rates higher than initially proposed, following an investigation prompted by complaints from European steel-making association Eurofer.</p>
<p>The announcement drew an immediate response from the Chinese Ministry of Commerce, which said the EU &#8220;unfairly&#8221; set new tariffs based on higher profit targets for European producers.</p>
<p>Trade disputes over steel have been a point of contention in G20 talks hosted this year by China.</p>
<p>European producers have blamed Chinese subsidies and dumping for plunging steel prices. China has denied the accusations and said it is working to cut capacity.</p>
<p>Fears of a bubbling trade war over steel have dominated G20 talks hosted this year. China, the world&#8217;s largest producer and consumer of steel, is looking to host a smooth summit next month in the eastern city of Hangzhou.</p>
<p>In G20 public communiques issued this year, member nations have sought to appear unified, pledging to work together to cut steelmaking capacity at a time when prices are at 10-year lows and struggling mills are closing from Wales to China&#8217;s Hebei province.</p>
<p>Prices have plummeted in recent quarters as China&#8217;s decades-long construction boom cools.</p>
<p>But tensions remain high as European Union member states and steel producers accuse China of issuing unfair subsidies and flooding global markets at below-market prices.</p>
<p>Beijing, meanwhile, has denied the accusations and said it is working to cut capacity even though the central government&#8217;s efforts to pare down enormous state-owned steel-makers have met some political obstacles.</p>
<p>In a statement, the commerce ministry said it &#8220;regretted&#8221; Europe&#8217;s protectionist move after a recently concluded G20 trade ministers&#8217; meeting in Shanghai and called on Brussels to &#8220;uphold its commitments and avoid sending the wrong signal to the world&#8221;.</p>
<p>China, the EU&#8217;s second largest trading partner, has been seeking &#8220;market economy status&#8221; from Brussels, which would make it harder for the bloc to impose new anti-dumping tariffs.</p>
<p>EU Commission president Jean-Claude Juncker said in July at the EU-China Summit in Beijing that he would vigorously defend Europe&#8217;s steel industry. He added that the controversy over Chinese steel exports would shape how whether or not Brussels would give it the market economy designation.</p>
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