Push For OECD Steel Communique Fizzles; U.S. Blames China, Others

Government officials from major steel-producing countries failed to reach an agreement at their April 18 high-level meeting in Brussels on a politically binding joint communique laying out the policy steps they would take to address the global overcapacity situation, with U.S. officials and another informed source blaming China and other unnamed countries as the main obstacles. In the absence of a joint communique, the U.S. government late Tuesday (April 19) issued a joint statement endorsed by the U.S., Canada, the...