Trade Cases
September 12, 2017
Steel Forum Moving Toward Report on Excess Capacity
Written by Sandy Williams
G-20 members are on track to hold their first official meeting of the Global Steel Forum on Excess Steel Capacity this fall. The forum was formed last year during the 2016 meetings to find “collective solutions” to remedy steel overcapacity and discourage protectionism. The group met informally at the Summit in Hamburg in July 2017.
Members have been meeting at the working-group level compiling information for a comprehensive report on overcapacity, reported Inside U.S. Trade. At the Hamburg G-20 meeting, the forum was instructed to meet “commitments on enhancing information sharing and cooperation” by August and produce a “substantive” report with “concrete policy solutions” by November.
