BRUSSELS: The EU launched new probes on Friday into imports of Chinese steel, warning it would not allow “unfair competition” to threaten Europe’s industry already crumbling under a flood of cheap imports. European steelmakers are reeling from a global glut and last week Luxembourg-based world leader ArcelorMittal blamed China for a colossal $8-billion loss in 2015 while thousands of jobs are being cut. “We cannot allow unfair competition from artificially cheap imports to threaten our industry. I am determined to use all means possible to ensure that our trading partnersRead More