US GOVERNMENT SAYS G20 STEEL PRODUCTION REDUCTION INITIATIVE HAS FAILED TO DELIVER

THE UNITED States Trade Representative (USTR) today branded the Global Forum on Steel Excess Capacity a failure, claiming its efforts have not delivered the production cuts that markets need to stabilise prices. In a strongly worded statement released after a forum ministerial meeting was staged today (Sept 20) at the Organisation for Economic Cooperation & Development (OECD), in Paris, the USTR argued that the group’s results to date “leaves us questioning whether the Forum is capable of delivering on these objectives”. In a barely concealed jab at ...


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