Steel sector overcapacity likely to feature in G20 document-German official
- Wall Street again marks new highs in post-election run
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- Third-Party Said Interested in PrivateBancorp (PVTB) as CIBC (CM) Deal is Delayed
People cycle past a billboard for the upcoming G20 summit in Hangzhou, Zhejiang province, China, July 29, 2016. REUTERS/Aly Song
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BERLIN (Reuters) - The issue of overcapacity in the steel sector and other industries is likely to come up in the communique of the upcoming G20 summit in China, a German government official said on Tuesday.
China produces half the world's 1.6 billion tonnes of steel and has struggled to decrease its estimated 300 million tonne overcapacity, and rising prices have given companies there an incentive to boost production for export.
(Reporting by Gernot Heller; Writing by Michelle Martin; Editing by Madeline Chambers)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Conjoined twins who faced each other separated in California surgery
- Former U.S. astronaut, Senator John Glenn dies in Ohio at 95
- NYC shelter 'clusters' questioned after homeless toddler deaths
Create E-mail Alert Related CategoriesReuters
Related EntitiesRaising Prices
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!