Global steel forum calls on G20 leaders to act on unprecedented crisis

Global Forum on Steel Excess Capacity members this week reaffirmed their commitment to confront what they called one of the “sharpest downturns” in steel demand ever recorded, urging G20 leaders to address excess capacity issues during a high-profile meeting next month. The virtual meeting, organized by co-chairs Europe and Korea, resulted in a 67-page report approved by the forum’s 29 countries. It includes policy recommendations aimed at curbing overcapacity issues exacerbated by COVID-19. It is the fourth such report issued...