In October 2011, the U.S. Department of the Treasury initiated an investigation into the countervailing case in accordance with the regulations of the British Steel Works, V&MStar, TMKIPSCO and the British Steel Workers Council. At that time, senior officials of the Ministry of Commerce of the People's Republic of China stated that they blindly followed the trend to accuse my country of countervailing or subsidies for imported goods, which lacked objective factual basis, and my country decisively resisted this matter.