G20 Announcements On Steel Criticized For Lack Of Binding Commitments

Serious commitments or policy changes on global steel overcapacity -- especially involving China -- are unlikely to emerge soon, or even by the end of President Obama's term, steel industry and think tank sources said in the wake of this week's G20 summit. Results of a bilateral meeting between China and the U.S. held during the G20 summit in Hangzhou, China, were underwhelming, these sources contend, adding that pending Organization for Economic Cooperation and Development's steel committee talks later this...