The European Union is reportedly planning to announce anti-subsidy investigations of Chinese steelmakers in a summit that will be held in the U.S. on October 20, and China responded with the warnings of possible disruptions over global supply chains and pushing up total costs.

"The Chinese side believes that actions of EU will disrupt the order of international trade," said a spokesperson of China's commerce ministry, He Yadong.

EU has conducted multiple eyebrow-raising measures to protect its domestic steel products for years, and posed over 60 anti-subsidy and anti-dumping measures to a large number of countries and areas.

The bloc is what one of the market putting up most trading barriers and setting highest prices.

"The EU's practices push up downstream production costs, affecting the interests of consumers, and are not conducive to the stability of global industrial and supply chains."

(Writing by Rebecca Liu  Editing by Emma Yang)
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