Saturday

1st Oct 2016

Ticker

Juncker: China must allow steel monitoring

European Commission president Jean-Claude Juncker said Sunday that "it is crucial for China to set up a mechanism to address its problem of industrial overcapacity." At a press conference in Hangzhou at the G20 summit, he added it was "unacceptable" that the European steel industry had lost many jobs in recent years due to overcapacity. G20 nations are expected to endorse the establishment of a global monitoring of steel overcapacity.

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