The countries of the Global Forum on Steel Excess Capacity – 33 members of the G20 and/or OECD, including the EU – agreed at a meeting in Berlin on Thursday 30 November on an ambitious package of policy solutions to be implemented in 2018 and 2019 to tackle the global overcapacity in the steel sector.
The agreement seeks to level the playing field in steel trading by addressing subsidies and artificial support for steel production which contribute to overcapacity.
Under the terms of the...