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April 30, 2016 02:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/IcRRhv_e93g/us-steel-says-china-is-using-cyber-stealth-to-steal-its-secrets
US Steel Says China Is Using Cyber Stealth To Steal Its Secrets
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.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/IcRRhv_e93g/us-steel-says-china-is-using-cyber-stealth-to-steal-its-secrets
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