China's government last year aimed to reduce excess steel capacity by 45 million metric tons. (fortune.com)
The gathering also launched a new initiative to work on curbing excess steel production capacity, especially in China, which may help smooth tensions over the issue. (sandiegouniontribune.com)
President Donald Trump will sign an executive order targeting excess steel dumped into the U.S. soon after China President Xi Jinping departs from his state visit in Florida, reports the New York Times. (fortune.com)