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G7 to Address Excess Steel Capacity
05/15/2016 - The world’s seven wealthiest countries may adopt measures to address the global steel glut during their upcoming summit in Japan, according to the Reuters news service.
Reuters obtained a draft of a proposed text in which the Group of Seven countries pledge to resolve the matter.
"We are committed to moving quickly in taking steps to address this issue by enhancing market function, including through coordinated actions that identify and seek to eliminate such subsidies and support, and by encouraging adjustment," the text states, according to Reuters.
Reuters has the full story here.
"We are committed to moving quickly in taking steps to address this issue by enhancing market function, including through coordinated actions that identify and seek to eliminate such subsidies and support, and by encouraging adjustment," the text states, according to Reuters.
Reuters has the full story here.
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