Steel industry: G20 outcomes amount to deferred action on overcapacity

U.S. steel producers told Inside U.S. Trade they believe G20 leaders failed to address overcapacity in a meaningful way at their summit in Hamburg, Germany, last week. At the conclusion of the July 7-8 summit, G20 leaders called on the Global Forum on Steel Excess Capacity, which they created in September 2016, “to fulfill their commitments on enhancing information sharing and cooperation by August 2017, and to rapidly develop concrete policy solutions that reduce steel excess capacity.” Additionally, the...