Global Steel Groups Urge Focus On Overcapacity At G7 Summit

Major steel industry groups from around the world are urging G7 leaders to address the global steel overcapacity problem. Joining forces ahead of the G7 summit in Japan, which starts on May 25, the groups urge leaders to discuss “the need to maintain effective remedial measures, consistent with their WTO rights and obligations, against exports from countries in which market economy conditions do not prevail.” The statement was issued by the American Iron and Steel Institute, the Japan Iron and...