Steel groups call for intensified global forum work

Steel industry associations from the Americas, Europe, Asia and Africa on Thursday called on governments of steel-producing nations to escalate their efforts to stem overcapacity via the Global Forum on Steel Excess Capacity. The forum, which is set to hold a ministerial next week, officially expired last October. However, many countries, including the U.S., agreed to continue its work on an informal basis. “Steel industries throughout the world expressed tremendous concern about the recent increase in steel overcapacity at a...