OTTAWA, Ontario Foreign government subsidies
that fuel excess steelmaking capacity worldwide were to be
addressed by the United States at a two-day meeting of key
steel-producing countries that kicked off July 1 in Paris.
"The United States has
been working actively to address other governments
policies that contribute to global excess steelmaking capacity,
including in China and other countries. Such action includes
vigorous enforcement of U.S. trade remedy laws and U.S. rights
in the World Trade Organization," the office of the U.S. Trade
Representative and the U.S. Commerce Department said.
restrictions, subsidies and the market-distorting conduct of
state-owned enterprises are also major concerns for the U.S.
steel manufacturing sector, a spokeswoman for the American Iron
and Steel Institute said. "U.S. manufacturers and their workers
can compete with anyone in the world on a level playing field,
but they cannot compete against governments."
A Paris-based diplomat
said member countries would be discussing global excess
capacity issues at the meeting of the steel committee of the
Organization for Economic Cooperation and Development
"Excess capacity is
thought to be currently very high, and it risks becoming an
even greater problem given the significant investment that
continues to take place, particularly in some rapidly growing
emerging economies," he told AMM sister publication
Other topics will
include the economic performance and viability of the steel
industry, various trade policy actions, energy market
developments and their impact on the steel industry, as well as
raw materials issues.
The steel committee is
made up of 27 OECD-member countries and involves other
steel-manufacturing countries including Brazil, Argentina,
Egypt, India, Malaysia, South Africa and China. These countries
account for most of the worlds steel production and
A version of this
article was first published by AMM sister publication Steel