28
Oct
14:44
China objects to G20 steel overcapacity forum continuation
China is calling for the G20-led Global Forum on Steel Excess Capacity (GFSEC) to expire by end-2019, preventing a full consensus on the draft Ministerial report including the next steps of the GFSEC.
Since the GFSEC’s establishment in 2016, the gap between steelmaking capacity and demand has shrunk. However, “…given the persistence of excess capacity, the global steel industry has noted continuing concerns, and stressed the need for further e…
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Anonymous
Very good overview of the weekly steel market.
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