At their summit held in Hangzhou (China) on Sunday 4 and Monday 5 September, the countries of the G20 agreed to set in place a global forum on overcapacity in the steel sector, to be headed up by the OECD and with an interim report anticipated in 2017.
The leaders of the club of the 20 largest economies on the planet agreed to acknowledge that production overcapacity and certain industrial sectors, particularly steel, with its "negative effects on trade and workers", constituted a "global...