US Trade Chief Greer Says New ‘Milwaukee Framework’ to Combat Global Excess Steel Capacity
7 Articles
7 Articles
US trade chief Greer says new ‘Milwaukee Framework’ to combat global excess steel capacity
MILWAUKEE, Sept 30 (Reuters) - US Trade Representative Jamieson Greer said on Wednesday that a new framework for countries to take coordinated action to combat excess steel production capacity will be released at a Group of 20 trade ministers meet...
The USTR announced that an agreement has been reached on the Milwaukee Framework to address overcapacity in steel. According to the GFSEC Ministerial Statement, overcapacity is expected to increase from 601 million tons in 2024 to 745 million tons in 2028.
US trade chief Greer says 'Milwaukee Framework' to combat global excess steel capacity
MILWAUKEE, Sept 30 (Reuters) - US Trade Representative Jamieson Greer said on Wednesday that a framework for coordinated action to combat excess steel capacity will be released at a Group of 20 trade ministers meeting this week, as countries seek to counter a flood of cheap Chinese production.Greer told reporters after a meeting of the Global Forum on Steel Excess Capacity that the so-called "Milwaukee Framework" will likely encourage countrie…
The United States is pushing for action against overcapacity in manufacturing that is depressing prices, Washington’s top trade envoy Jamieson Greer said on Wednesday at a G20 summit, with some countries – excluding China – agreeing to a plan that includes cutting subsidies. Officials from the group ... More www.ertnews.gr
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