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27 May
19:04

US steel industry cheers, questions G7 declaration

US steel industry players are encouraged by the resolve of G7 nations to correct global steel overcapacity, but the group remains short on concrete actions, Kallanish understands. The American Iron and Steel Association (AISI) praised a declaration by G7 leaders attending the Ise-Shima Summit in Japan acknowledging that overcapacity is a grave concern.  “This is a global problem that needs a global solution,” says AISI ceo Thomas Gibson. &ldq…
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